Transcript of remarks by SDEV on quarterly land sale programme for January to March 2023 (with video)

Following is the transcript of remarks by the Secretary for Development, Ms Bernadette Linn, at a media session today (December 30) on the quarterly land sale programme for January to March 2023:
Reporter: We want to ask given the current status of the property market, how do you think the weak property market will affect the upcoming land sale programme?
Secretary for Development: First of all, I think we have stated on various occasions that our objective is to provide land to the market for development in a steady and continuous manner. So to achieve this objective, we should not be constrained by prevailing economic situation or concern about the Government not being able to fetch a high land premium for individual sites. This is because when we want to achieve a certain policy objective, whether we can fetch a high land premium is not the determining factor. The policy objective of providing land in a continuous and sustained manner is the primary policy objective.

(Please also refer to the Chinese portion of the transcript.)
Ends/Friday, December 30, 2022
Issued at HKT 19:45


Audio / Video