Financial Secretary's blog: Streamlining procedures to accelerate land creation, amendment ordinance to take effect on 1 September
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Financial Secretary said in his blog that the Development (Town Planning, Land and Engineering) (Miscellaneous Amendments) Bill 2022, passed by the Legislative Council two weeks ago, will take effect on 1 September this year. The time for releasing the first batch of prepared land for large-scale projects can be compressed from over a decade to about seven years, while the conversion of public housing raw land into prepared land can be shortened from at least six years to about four years. The government has identified future land supply sources of 7,300 hectares.
The article sets out specific time targets after streamlining procedures, such as the first batch of prepared land for large-scale projects being compressed from over a decade to about seven years, allowing readers to verify the effectiveness.
Source: 財政司司長網誌 · fso.gov.hk