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Economy

Hong Kong plans artificial islands for housing

Chief Exec Lam unveils plan to rein in home prices with 1,700 hectares of new land

Hong Kong has been suffering from an acute housing shortage for years. (Photo by Ken Kobayashi)

HONG KONG -- Hong Kong Chief Executive Carrie Lam, who runs one of the world's most expensive cities, has rolled out a plan to build 1,700 hectares of artificial islands, in an effort to tackle the acute housing shortage.

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