Hong Kong Developers Are Skeptical About Ambitious Tech Hub

Hong Kong’s ambitious plan to build a technology hub near mainland China is getting a cold shoulder from real estate executives.

The government is ramping up plans to develop the Northern Metropolis, a sprawling area that it wants to house everything from cutting-edge laboratories to promising startups. In February, local officials said they would pull HK$150 billion ($19 billion) from the city’s currency defense fund to support the project — a high-profile show of support.