Development Bureau

The Hong Kong Development Bureau is a government agency responsible for overseeing land sales and development projects in Hong Kong. Recently, they have been testing purpose-built student housing as an alternative to commercial sites due to weak demand. Three commercially zoned sites in Kai Tak, Siu Lek Yuen, and Tung Chung East have been earmarked for private student hostel projects. This move is significant as it explores new uses for land and attracts investor interest. Meanwhile, the bureau has taken action against contractors involved in construction botches at public housing sites, banning them from bidding on public projects for up to a year and ordering them to pay extra costs for fixing problems. These developments highlight the bureau's efforts to address the office market slowdown and improve work quality in Hong Kong.