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Development chief dismisses fears Northern Metropolis supply will hit office sector

Development chief dismisses fears Northern Metropolis supply will hit office sector
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Hong Kong’s development chief has dismissed concerns that commercial floor space in the Northern Metropolis megaproject will further depress the city’s struggling office market, stressing that incoming supply is primarily for the innovation and technology (I&T) sector. Secretary for Development Bernadette Linn Hon-ho told the Legislative Council on Thursday that the 1 million square metres (10.8 million square feet) of economic floor space to be provided in the megaproject next to the...

Hong Kong’s development chief has dismissed concerns that commercial floor space in the Northern Metropolis megaproject will further depress the city’s struggling office market, stressing that incoming supply is primarily for the innovation and technology (I&T) sector. Secretary for Development Bernadette Linn Hon-ho told the Legislative Council on Thursday that the 1 million square metres (10.8 million square feet) of economic floor space to be provided in the megaproject next to the Shenzhen...
Northern Metropolis (LOCATION) Hong Kong’s (LOCATION) the Northern Metropolis (LOCATION) Development (ORG) Bernadette Linn Hon-ho (PERSON) the Legislative Council (ORG) Shenzhen (LOCATION)
Originally published by South China Morning Post Read original →