Hong Kong, China Launches First Five-Year Plan Public Consultation, Adding 70,000 Homes and One Million Square Meters of Industrial Space
2026-06-16 14:40
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en.Wedoany.com Reported - The Government of the Hong Kong Special Administrative Region of China launched a public consultation on June 15 for the First Five-Year Plan for Economic and Social Development (2026–2030) of the Hong Kong Special Administrative Region, proposing a diversified model to accelerate land release and development, enhance land development efficiency, and boost market investment willingness.

The plan indicates an increase in housing and economic land supply, targeting the production of over 70,000 housing units and one million square meters of economic floor space over the next five years, providing economic land as a carrier for high-value-added industries. At the same time, it coordinates the distribution and timely deployment of housing, employment, education, healthcare, social welfare, recreation, and greening facilities within the Northern Metropolis, building a new-generation community environment suitable for living, working, and tourism. In terms of infrastructure, the plan adheres to the development concept of infrastructure first. Under the new "eight vertical and eight horizontal" transport infrastructure layout, it will fully advance a series of railway and major road projects to improve connections within the Northern Metropolis and with other areas of Hong Kong. Additionally, it will strengthen Greater Bay Area infrastructure connectivity through two cross-border railway projects—the Hong Kong-Shenzhen Western Rail Link and the Northern Link—enhancing transport links with Shenzhen and other cities in the Greater Bay Area.

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