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Policy Address by Hong Kong SAR’s Chief Executive John Lee: Expediting the Northern Metropolis development to expand capacity for growth, innovation and talent

HONG KONG SAR - Media OutReach Newswire - 19 September 2025 - Speeding up the large-scale Northern Metropolis development was a central theme of the 2025 Policy Address announced by Hong Kong's Chief Executive, John Lee, on September 17, including measures to reduce construction costs and time, promote market participation, encourage enterprises to set up and invest in the area, and reduce the cost of land premiums by adopting a "pay for what you build" approach.

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