Property News · March 19, 2019

Proposed HK$1 trillion East Lantau Metropolis is the answer to Hong Kong’s future land needs


The Hong Kong Institute of Surveyors (HKIS) has estimated the total land value of the proposed East Lantau Metropolis. The 1,000 hectares of land to be reclaimed under phase one of Lantau Tomorrow Vision is valued at HK$1.14 trillion (US$145 billion), and this does not even include any potential revenue from subsidised housing. And even though the reclamation cost is estimated at HK$1 trillion, HKIS deems the project to be economically justifiable.We believe the debate on its underlying…

Source : South China Morning Post
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