Hong Kong’s San Tin Technopole needs more private flats to draw talent, developers say
- Developers say 7:3 ratio for public-to-private flat supply should be adjusted for proposed innovation hub in New Territories
The Real Estate Developers Association of Hong Kong on Thursday told the Town Planning Board that the current 7:3 ratio for public-to-private flat supply should be adjusted at the 600-hectare San Tin Technopole, with half of that dedicated to the private sector.
Association representative Ian Brownlee said more private housing was “necessary” to support talent coming to the proposed innovation hub, as only “a limited range of people”, based on income and other thresholds, could apply for public housing.
The board, which reviews land use applications, adjourned its closed-door deliberations for the project’s statutory zoning plan after wrapping up a four-day public hearing on Thursday.
If it approves the zoning plan, the proposal will then be sent to the city leader and his top government advisers on the Executive Council for approval.
Under the government’s current plan, half of the proposed site will be earmarked for innovation and technology purposes, while the rest will become a city centre with 54,000 flats, with 70 per cent designated for public housing.
