Financial Secretary Paul Chan earlier announced departure from traditional tender process to entice companies with cutting-edge technology.
Hong Kong is changing its land allocation process for the Northern Metropolis project, moving away from traditional tenders to directly grant land to tech companies that can create jobs and advance innovation, particularly within the San Tin Technopole. This aims to accelerate development of the 30,000-hectare area into an economic and housing hub, while also piloting the sale of large land parcels.
