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
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