Core Viewpoint - The Hong Kong Development Bureau has reported significant progress in the Northern Metropolis development over the past two years, with four new development zones currently under construction, covering nearly 900 hectares of land [1] Group 1: Development Progress - The Northern Metropolis is expected to see a multiple increase in land and housing output in the coming years [1] - The planning for the Northern Metropolis has been largely finalized, with projects commencing to accelerate development and attract corporate investment [1] Group 2: Policy Initiatives - The government plans to introduce a "package of incentives" to promote industry and investment in the Northern Metropolis, aiming to facilitate business establishment in Hong Kong [1] - The Chief Executive's Policy Address includes proposals to simplify administrative procedures and establish dedicated legislation for the Northern Metropolis to expedite its development and attract industries [1] Group 3: Strategic Focus - The Northern Metropolis will provide over 3,000 hectares of new development land, leveraging its geographical proximity to Guangdong Province [1] - The focus will be on developing innovation technology, education, and high-end industries, positioning the Northern Metropolis as a platform for deepening cooperation with other cities in the Guangdong-Hong Kong-Macao Greater Bay Area [1]