By South China Morning Post | Created at 2025-03-31 13:41:27 | Updated at 2025-04-02 03:56:35
1 day ago
Henderson Land Development, New World Development and Sino Land are among 22 Hong Kong and mainland Chinese companies that have expressed interest in a pilot scheme to develop large land parcels in the Northern Metropolis after a Beijing official urged the business sector to get involved.
The Development Bureau said on Monday that it had received submissions from a range of companies.
“The enterprises or organisations making the submissions include local and mainland developers, contractors, conglomerates and e-commerce logistic companies, etc,” the bureau said.
The Northern Metropolis is a government blueprint that aims to transform 30,000 hectares (74,130 acres) of land in the New Territories, near the mainland border, into an economic powerhouse and housing hub.
It was not immediately known if tycoon Li Ka-shing’s CK Hutchison Holdings had made any submissions. The group has come under fire over its plan to sell overseas port assets including two politically sensitive operations in the Panama Canal.
Henderson Land Development, New World Development and Sino Land all said on Monday that they had expressed interest in the pilot land disposal scheme in the Northern Metropolis.
The bureau said it had received 22 submissions.
