Chief Executive Fernando Chui Sai On said yesterday his government was “confident” that the total area of the plots of undeveloped land that it is to repossess is sufficient to compensate developers to whom it owes land-lease rights – the government’s so-called “land debt”.
Chui spoke to reporters at the airport, before departing for Beijing where he is set to discuss the government’s first-ever Five-Year Development Plan with senior officials of the central government.
Chui admitted last month in the legislature that the government has used a total of 88,806 square metres of land which actually had been leased to developers.
Lawmaker-cum-civic leader Ho Ion Sang, who chairs the Legislative Assembly’s Follow-up Committee for Land and Public Concession Affairs, talks to reporters after yesterday’s committee’s meeting in the legislative chamber. Photo: Ian Sio Tou
