An application made to a scheme designed to boost Hong Kong’s housing supply by tapping into developers’ reserves has been withdrawn for the first time amid a lukewarm response, with experts attributing the move to a sluggish economy. Brasilia, a subsidiary of Lee On Investment (Holdings), made the withdrawal of its application to the Land Sharing Pilot Scheme for a plot measuring 3.1 hectares (7.7 acres) in Yuen Long involving more than 2,000 homes earlier this year. The government did not...