Land site allocated for development of new campus of self-financing post-secondary institution
******************************************************************************************
On the recommendation of the Committee on Self-financing Post-secondary Education (CSPE), the Secretary for Education has decided that SFU should be earmarked as the prospective operator for the land site to be granted at a nominal premium.
An EDB spokesman said, "It has long been the Government's policy to support the parallel development of the self-financing and publicly funded post-secondary education sectors. In pursuance of the announcement in the Chief Executive's 2023 Policy Address, we envisage that the allocation of the site will be conducive to supporting the capacity expansion and quality enhancement of the self-financing sector, thereby enabling the sector to play a more proactive role in Hong Kong's development into an international post-secondary education hub."
The Government invited applications from eligible institutions for the Scheme from December 2024 to March 2025 and received three applications. The CSPE is responsible for giving advice to the Secretary for Education on the comparative merits of the applications received under the Scheme, having regard to the applicants' education development and site development proposals following a fair and competitive process.
Details of the Scheme and previously approved applications are available on the website of the Concourse for Self-financing Post-secondary Education (www.cspe.edu.hk/en/Overview-Measures.html).
Ends/Thursday, June 26, 2025
Issued at HKT 11:30
Issued at HKT 11:30
NNNN