Hong Kong property players surge on northern metropolis plan

They’re also cheered by the absence from Carrie Lam’s (pic) address of any measures to cool the property market, such as higher taxes.

CARRIE Lam’s plans for a new metropolis in northern Hong Kong came as a big relief to investors in the city’s property giants.

Shares of major developers including Henderson Land Development Co jumped a day after chief executive Lam unveiled her target to turn the remote northern part of the New Territories into an urban area for 2.5 million residents.