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Hong Kong to relax plot ratio rules to encourage private urban renewal

Hong Kong authorities plan to encourage private urban renewal by relaxing plot ratio restrictions as part of proposals to increase development potential in old districts and new towns, with measures to be introduced in the first half of next year. The Development Bureau on Friday revealed details of the measures announced last month in the policy address, aimed at providing more incentives for private developers to undertake urban redevelopment projects. “[Redevelopment] may still be hampered by...


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