Hong Kong Housing Society's Vision for Cross-Border Housing Developments

Monday, 9 September 2024, 02:00

Housing society developments could potentially expand to accommodate cross-border residents, according to chairman Walter Chan Kar-lok. As his term concludes, Chan shared insights regarding the future plans of the Hong Kong Housing Society amidst discussions with industry representatives. Emphasizing the societal focus on existing projects, Chan noted the increasing significance of housing needs in the Greater Bay Area.
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Hong Kong Housing Society's Vision for Cross-Border Housing Developments

Future Developments for Cross-Border Residents

Hong Kong's housing society is exploring the potential to develop homes that may potentially serve residents from mainland China. Despite current operations centered around Hong Kong, outgoing chairman Walter Chan Kar-lok noted that industry representatives suggested the organization look beyond local borders into the Greater Bay Area. Chan clarified that there are no immediate plans for expansion, but the vast development potential exists.

Current Focus and Financial Stability

The society maintains its focus on completing over 20 housing projects in Hong Kong aimed at providing more than 17,000 new homes. In his closing remarks, Chan pointed out the need for financial stability, discussing methods for achieving improved cash flow through bank loans and the sale of non-essential assets to enhance funding for expansive housing estates.

  • The housing society aims to assist resettle individuals impacted by the Northern Metropolis mega project.
  • Chan remains hopeful about the organization's future involvement post his departure, suggesting possibilities beyond just housing development to consultancy roles.

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