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Exact(38)
In addition to a few rounds of cooling measures, which included raising transaction tax and stamp duties, Leung has sought to seek land in the new territories and country parks for development, citing a shortage of developable land.
Since only a small amount of developable land is released each year by councils, developers compete entirely at the point when they are buying land, rather than at the point when they are selling the homes they build.
This results in extremely high rents and prices even by New York standards and it also results in innovative developments to cope with the severe lack of developable land.
A lot of development sprawls outward instead of upward, we're running out of developable land and housing is at a premium.
And unlike markets like Atlanta and the Inland Empire in California, Long Island did not experience a rush of new warehouse development before the recession, primarily because of the shortage of developable land.
This and other factors effectively inflated the cost of developable land.
Similar(22)
Thus, they said, they had every right to sell the last 15,000 acres of developable lands last year to Watermark.
These approaches are moratoriums on development, tougher environmental restrictions on developable land and impact fees on new housing.
The parkland west of the ballpark would, in turn, be converted to developable land.
Although city officials have said that they will not resort to eminent domain, the text of the proposal states that "the land could be acquired by condemnation". The parkland west of the ballpark would, in turn, be converted to developable land.
HE is considering uses for about three miles of waterfront property elsewhere in Norwich, primarily along the Thames River, with a total of about 80 acres of potentially developable land, and said the transportation center was likely to be central to most of it.
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