‘Studying in Hong Kong brand’ to boost demand for student housing

Quick Summary:

Chief executive pledges to turn Hong Kong into an international hub for postsecondary education, earmarks over 80 hectares of land for university town.

The planned relaxation of the approval process for conversion of buildings is “also expected to stimulate market supply, reducing the current shortage and driving the growth of this emerging market”.

Lee also revealed plans for the development of Northern Metropolis University Town, expanding the area to 80 hectares (198 acres) from the previous 60 hectares allotted for the project.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong Kong

Topics: Hong Supply Initiatives Hectares Housing Student Kong Education International Buildings Private

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 14:14:05 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 209 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23083304

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