Land Plots: Housing Units

land plots: The Lands Department posted land resumption notices on Thursday for the first phase development of new areas in Kwu Tung North and Fanling North, with a total of 784 private lots, covering a 68-hectare area, according to the official website of the Hong Kong Special Administrative Region HKSAR government, according to Global Times China. On completion the two land plots are expected to provide a total of about 71,800 housing units, and the first phase will provide about 21,000 housing units, of which 18,000 are public housing units. By plotting more housing projects and proposing more affordable houses for the youth, the Hong Kong SAR government looks to find a solution for this deep-rooted economic problem that is behind the recent social turbulence in the city. As the city has been engulfed in three months of anti-government protests, it is believed that lack of affordable homes remains one of the most prevalent problems faced by many Hong Kong residents, ranging from low-income earners to young professionals. Now, both the HKSAR government and local property developers are taking necessary actions that reflect their strong determination to tackle the housing woes, analysts said. This issue of housing further exacerbated public grievances and played a significant role in fueling protests on the streets of the city, experts say. (news.financializer.com). As reported in the news.