New World Development Co., one of Hong Kong’s largest home builders, will donate 3 million square feet, or about 84,000 pyeong of land to help with the city’s housing crunch.
New World Development Co., one of Hong Kong’s largest home builders, will donate 3 million square feet, or about 84,000 pyeong of land to help with the city’s housing crunch.
New World will donate the plots, about the size of Grand Central Station in New York, from its farm landbank.
New World has 16.9 million square feet, or the equivalent of about 475,000 pyeong of farmland so the donation would total almost 20% of that.
New World will donate the plots, about the size of Grand Central Station in New York, from its farm landbank.
New World has 16.9 million square feet, or the equivalent of about 475,000 pyeong of farmland so the donation would total almost 20% of that.
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