Solution to HK's Housing Woes?




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ORIGINAL POST

Posted by Ed 17 days ago
Hong Kong Has a $64 Billion Plan to Build Islands for New Homes

The cost of building islands from scratch could double, and the plan is provoking debate on environmental and political issues.

Hong Kong, the world’s least affordable property market, has a plan to tackle its housing crisis: build four artificial islands equal to about a fifth the size of Manhattan that could house more than a million people.

The government-backed plan to create a gleaming property and commercial hub has been tried before—Palm Jumeirah, the palm-shaped archipelago in Dubai filled with luxury developments; Forest City, a housing project for 700,000 people in Malaysia; and Jurong Island in Singapore, which houses chemical and energy facilities.

https://www.bloomberg.com/news/features/2019-01-02/hong-kong-s-lantau-tomorrow-vision-to-fix-its-expensive-housing


Or ... another one of these:

http://wolfstreet.com/wp-content/uploads/2017/06/Hong-Kong_Housing-Index.png


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