Central Market re-construction will start this year

摘要

On March 29, the Chief Executive in Council, on March 29 approved in principle the granting of the former Central Market site to the Urban Renewal Authority by private treaty for 21 years for its conservation and revitalisation. The government said the land grant term was fixed at 21 years due to the revitalisation project's significant capital investment and the need to achieve financial sustainability. The site will be granted at a nominal land premium.