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Wong Chin Ming in a village on the side of Hong Kong checks Zucchini, watermelon, cherry tomatoes and kale in greenhouses. He has been harvesting here on a factory site for 19 years. Soon his farm will be deleted from the map to open a mass development, hoping that China’s Hong Kong will respond to the silicone valley. The government is divided into 300 square kilometers (116 square miles) for the project, in an area of more than twice in San Francisco.
Are called “Northern metropolis“It’s still one thing, but Hong Kong’s Hinterland drowsy hamletes, apartment blocks and acne dogs, abandoned music, abandoned cars in bushes and scores builtquarantinePatients sit empty during the COVID-19 pandemic. North Metropolis, near Stanford University, near Stanford University of California or near Hong Kong, the bright skyscrapers of Hong Kong and before the Government of the Chinese Communist Party previously enjoyed the autonomycrackIn 2020.
Real estate developers privatize reservations to invest in the northern metropolitan, fearing great financial obligations in Hong Kong, great financial obligations in the stiding landingProperty values. The guards question the impact of the environment, and some local residents do not want to leave their homes. However, in Hong Kong, it was already restricted, and citizens resigned from all walks of life. The government said that the northern metropolis has led to 4,500 households so far. “If they have to develop this place, we cannot stop it from happening,” he said. “We will only take it when it comes.”
Hong Kong’s former leader Carrie Lam, first offered a way to increase land supply in northern Turkey in 2021. Beijing said that the houses in the city are the least affordable in the world. The Hong Kong government plans to plan the next few years for the field, which is one-third of the city.
North Metropolis will be built on the Shenzhen River, which separates Hong Kong from the Chinese mainland and consisting of seven border crossings. Its plan divides the development of the development into four zones: technology, logistics, border trade and ecotourism. Shenzhen, China’s Genzhen, will be a new metro station, including a border railway line, which passes the third largest city in China. Official plans are like double-raising buildings in buildings, which are advanced technological companies and research institutions. “As a very important investment for the social and economic development of Hong Kong, North Metropolis exceeded the government’s agenda,” Hong Kong said.
The project, the traditional economic columns of the city, because it was emergencyfinanceandReal estateOften conflicting interests are aggravated as tensions between China and West, which have long contradictory interests in Hong Kongbalance. Given the world’s growing geopolitical conflicts, saying “We must diversify our economic engine”, Hong Kong-Based Colliers International Group Inc., Real Estate Investment Company
North Metropolis, Mainland and Chinese President Xi Jinping can better adapt the city with economic goals. Development will help further integrate into a region that covers more areas of the city and 11 southern cities. According to Carlos Lo, Carlos Lo, Carlos Lo, Hong Kong University School and School of Policy Science in the School of Policy Science can be used as a platform to export high-level Chinese technologies. Many countries consider the city a threat to more than mainland China. “Hong Kong should find a new model to revive the economy,” he says. “The government cannot return to how things work in good old days.”
Hong Kong officials are waiting for the city to waitRich familiesinvest in the northern metropolis. The government in the city owns the land, and companies are entitled to develop it for a certain period of time, usually for 50 years. No one knows how much the north metropolise will cost. The government put this figure in ten billions of dollars, but other assessments were higher.
At the end of last year, at a meeting in Shenzhen, Hong Kong was the best of Hia Baolong, supporting the city’s growth and northern metropolitan, and called on a group of “concrete movements” and to lead. Steve Tsang, Director of the Chinese Research Center at the University of London, explains Beijing’s attitude: “IfWork elitesHong Kong, do not contribute to the economy, such as Beijing considers it is, there is no reason for good treatment. “
Expensive initiative “comes in an inappropriate time when everyone needs cash, Hannah Jeong, Head of Evaluation and Consulting Services in Hong Kong, CBRRE Group Inc. in Hong Kong is the lowest in the city’s value values in the city andpress40% decreased since its peaks in 2019.
Another reason will be able to find investment in the northern metropolis of developers. The government is facingacuityIn three invitations to offer, the more expenses test the idea of passing more expenditures. Previously, the government will be responsible for electricity, water pipes and other infrastructure.
According to the people who are familiar with the discussions, real estate companies have caused concerns about this change. The building infrastructure can add years to projects, developing developers can complicate soil prices and risks, Patrick Wong, an analytical occurring with Bloomberg intelligence. “It’s a big problem,” Wong waits to be careful not to present offers of developers.
If local developers are weak in such large investments, Chinese state companies, which have more access to cash, will have an important existence of CBRE’s North Metropolitan. The government says that developers are considering reviews and offers more payments and other attractive regulations.
“We believe that packages to be tendered will be a good commercial interest in the market,” he said. Two hundred companies, including Chinese developers, contractors, Conglomerates and e-commerce logistics, said it was interesting to prepare proposals in the government’s testing process. The tender proposal begins in the second half of this year.
Brian Wong, Liber Research Association, a meditation center in Hong Kong, gives the value of the north metropolitan environment. The area “has a waste of different natural and human views, and if these scenes are destroyed for a development that does not come to full fruit,” he says. The government is trying to maintain active farming, and turns the areas of the pitchwetlandaccommodations; Includes the roofs, including continuous urban economy.
The villages in Kwu Ling district will be disappeared first and will allow the northern metropolis. The government wants to make the field attractive to universities. In 2028, construction teachers and students are scheduled to start in thousands of new apartments. A villagers in the district, a village village in the region is concerned about a 20-minute-distance residents of a village village. Emerald li lived all his life in a house built in the 1960s. About 50 families occupy one or two-storey houses near the areas where they cultivate their food.
Although the government compensates the residents, Lee said he was waiting for not enough. People living in houses like hers are 12.816 ($ 1,633) per square meter, one of the territories of the average price of the region. If the income is low enough, there is the right to go to subsidized government apartments. Lee, I would like the government to transfer to the country near the village. “We have lived here for six and seven decades.” “Why should they rape us and replace us with a very different bunch?”
This story was first displayed Fortune.com
