Skip to main content

Featured

13 building plans approved in Nov

The Buildings Department approved 13 building plans in November - two on Hong Kong Island, six in Kowloon and five in the New Territories.   Of the approved plans, eight were for apartment and apartment-commercial developments, two for commercial developments, one for factory and industrial developments, and two for community services developments.   Consent was given for works to start on 11 building projects which will provide 210,471 sq m of gross floor area for domestic use involving 2,595 units and 83,060 sq m for non-domestic use.   Additionally, the department received notification of commencement of superstructure works for nine building projects.   The department also issued 16 occupation permits - three on Hong Kong Island, five in Kowloon and eight in the New Territories.   Buildings certified for occupation have 53,034 sq m of gross floor area for domestic use involving 1,355 units and 168,627 sq m for non-domestic use. http://dlvr.it/Sh3Dtw

HK ranked freest economy again

The Government today welcomed the Fraser Institute's ranking of Hong Kong as the world's freest economy, saying the decision affirms the city's long-standing and steadfast commitment to building a free economy with a level playing field.   Hong Kong has held the top rank since the inception of the Fraser Institute's report. Among the latest report's five areas of assessment, the city continued to rank first in “Freedom to Trade Internationally” and “Regulation”.   In relation to the institute's unfair comments regarding Hong Kong's rule of law, the enactment of the National Security Law and Mainland intervention in Hong Kong's affairs, the Government stressed that under “one country, two systems”, the Hong Kong Special Administrative Region's trusted legal system remains as robust as ever.   The rule of law is a fundamental core value of Hong Kong and much cherished by the community. The Government has been fully committed to upholding Hong Kong's fine tradition of the rule of law and judicial independence.   The enactment of the National Security Law is for safeguarding national security, which is the legitimate right and duty of every state.   The National Security Law has clearly stipulated four categories of offences that endanger national security. It clearly sets out the elements of the offences, penalties, mitigation factors and other consequences. There is no question of law-abiding people inadvertently violating the law.   The Government noted it will continue to uphold Hong Kong's institutional strengths, including the rule of law and judicial independence, a free trade and investment regime, a simple and low tax system, a favourable business environment and an efficient and clean government.   “These strengths will continue to provide a conducive environment for businesses to thrive and to strengthen their competitiveness, enabling our economy to prosper,” it added.   As Hong Kong enjoys unique advantages and unlimited business opportunities, the Government has every confidence in its long-term economic development.
http://dlvr.it/S7bdgC

Popular Posts