HS scraps hous­ing project for el­derly

China Daily (Hong Kong) - - NATION DIGEST -

The Hous­ing So­ci­ety (HS) has de­cided to call off a Se­nior Cit­i­zen Res­i­dences project in Tin Shui Wai due to a large in­crease in con­struc­tion costs. The HS had planned to de­velop a 1,000-unit com­pound cater­ing to the needs of el­derly ten­ants near the Hong Kong Wet­land Park. Ac­cord­ing to an ar­ti­cle in the Chi­nese news­pa­per Ming Pao, its con­struc­tion was sub­ject to var­i­ous lim­its due to its prox­im­ity to the wet­land park. But be­cause the con­struc­tion costs have nearly dou­bled since 2008, the HS be­lieves the project would greatly ex­ceed its orig­i­nal HK$4.6 bil­lion bud­get and was no longer vi­able.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.