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July 16, 2012

35,000 public housing flats a year planned

The Development Bureau said it has dropped the public-private partnership approach in developing Kwu Tung North, Fanling North and nearby Ping Che. Instead, it will adopt the traditional approach in which the government resumes private land to be sold later to developers to ensure future housing projects can be delivered faster.
    
The bureau also scrapped a proposed low-rise residential development in Long Yuen, near Sheung Shui, a popular wetland where conservationists have recorded more than 210 bird species. The 37-hectare wetland will be conserved as an eco-park.
    
The new administration has set a goal of providing more affordable flats by erecting some 35,000 public housing flats a year. The original number of public flats proposed in the areas has been increased by 21% from 18,860 units to 23,000 units. Sites will also be reserved for subsidised housing.