ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Hong Kong's options for housing crunch likely to face resistance

Efforts to boost land supply over 30 years draw fire from environmentalists, developers

Hong Kong's ideas for solving its housing crisis include turning a golf course into residential units and building homes above one of the city’s busiest container terminals.   © Reuters

HONG KONG -- Local officials presented 18 proposals to the public Thursday designed to combat Hong Kong's expensive housing and long-term land crunch, including building homes above one of the city's busiest container terminals, but all of the options are expected to encounter opposition from interest groups.

"We are facing a very imminent land shortage," Stanley Wong Yuen-fai, chairman of the government-appointed Task Force on Land Supply, told reporters as his panel begins a five-month period of consulting the public. The proposals, which also include turning a golf course into residential units, seek the best uses of the city's land for the next three decades.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more