Government eyes private land conversion in Northern Metropolis

The administration is exploring ways to encourage developers to partner with technology key enterprises.

Financial Secretary Paul Chan said in his 2026-27 Budget Speech that the government aims to release the potential of underdeveloped private land in the Northern Metropolis (NM) and convert it into industrial space and ancillary facilities to support priority industries.

He added that the administration is exploring ways to further encourage developers owning land in the NM to collaborate with technology or advanced manufacturing enterprises in submitting joint development proposals to the government.

"We expect that, through tripartite co-operation, relevant land and corporate resources will be channelled towards the target industries for priority development in Hong Kong," Chan said.