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FS paves way to green, digital future

A number of initiatives and measures aimed at accelerating high-quality development were announced in today’s 2024-25 Budget, with the Government emphasising a move towards a green future and digitalisation.   Explaining that high-quality development spurs ongoing economic innovation and growth whilst conserving the natural environment, Financial Secretary Paul Chan said Hong Kong must pursue opportunities through leveraging its advantages under “one country, two systems”, namely those of enjoying strong support at a national level and being closely connected to other parts of the world.   He stressed that green development involves huge business opportunities and financing needs, as governments and businesses around the world pursue carbon neutrality and green transformation. In addition, he said digitalisation has become a new driving force for economic development, empowering enterprises to enhance efficiency, boost their competitiveness and achieve new growth.   Introdu

23 building plans approved in Jan

The Buildings Department approved 23 building plans in January - four on Hong Kong Island, 10 in Kowloon and nine in the New Territories.   Of the approved plans, 15 were for apartment and apartment-commercial developments, five were for commercial developments, two were for factory and industrial developments and one was for a community services development.   Consent was given for works to start on nine building projects which will provide 117,013 sq m of gross floor area for domestic use involving 2,755 units and 144,989 sq m for non-domestic use.   Additionally, the department received notification of commencement of superstructure works for five building projects.   The department also issued 17 occupation permits - six on Hong Kong Island, three in Kowloon and eight in the New Territories.   Buildings certified for occupation have 152,580 sq m of gross floor area for domestic use involving 3,178 units and 35,955 sq m for non-domestic use.
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