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Train of thought on MTR flats finally arrives

5 0 0
11.07.2018

Anthony Cheung Bing-leung is half right about the MTR Corporation. The rail company should not automatically be given development rights atop new stations for its subway service expansion, according to the former transport and housing minister.

On the other hand, it’s hard to see how opening those sites to public tender would help increase the supply of public housing. It would only open another avenue for private developers to dominate the real estate market.

They would bid for such desirable sites, but not for building public flats. It’s not by accident that many investors consider the MTR more as a private developer than a rail operator.

Don’t give rail giant MTR Corp property development rights at new stations, former Hong Kong housing chief urges government

“To be fair, they should be open for........

© South China Morning Post