Hong Kong leader unveils metropolis plan at ‘new start’ for development

HONG KONG, Oct 6 (Reuters) – Hong Kong is at a new start for development under a national security law imposed last year, leader Carrie Lam said on Wednesday as she unveiled plans for tackling a long-standing housing shortage in the Chinese-ruled city.

Authorities in Hong Kong and Beijing have long blamed unaffordable housing in the former British colony for deep-rooted resentment that they say helped fuel anti-government protests in 2019.

At the centre of plans announced by Lam in her last policy address in this term of office is a Northern Metropolis on the border with the mainland’s technology hub of Shenzhen, covering 300 square kilometres.

It will ultimately have some 926,000 homes – more than half to be newly built – for some 2.5 million people.

“Fortunately, the implementation of the National Security Law and the improvement to our electoral system have restored safety and stability in society. Hong Kong is now ready again for a new start for economic development,” Lam said.

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Source: Reuters