A Hong Kong government minister claims new laws could accelerate certain projects by a year, while also increasing residential components to attract developers.

Dedicated laws to streamline statutory procedures for Hong Kong’s Northern Metropolis could speed up some projects by about one year, the development chief has said. Secretary for Development Bernadette Linn Hon-ho also revealed on Sunday that the government was preparing to increase the residential component of some sites to make the investment more appealing for developers. The government unveiled a plan for proposed legislation earlier this month, comprising six main subsidiary laws designed....