Nature and Biodiversity

Hong Kong plans to house 1 million people on artificial islands

Public and private housing blocks are seen in Hong Kong October 6, 2016. Picture taken October 6, 2016.  REUTERS/Bobby Yip - RC12B1DEFB00

Hong Kong's demand for housing is at breaking point. Image: REUTERS/Bobby Yip

Rosamond Hutt
Senior Writer, Forum Agenda

Year after year, Hong Kong SAR has topped the rankings for the world’s least affordable housing markets. The city’s sky-high property prices have pushed residents into tiny living spaces, including the notorious subdivided apartments known as “coffin homes”.

Discover

How is the World Economic Forum supporting the development of cities and communities globally?

To ease the chronic housing crisis, the Hong Kong Special Administrative Region government has pitched a plan to increase the supply of land through the building of artificial islands.

The reclamation of 1,000 hectares off Lantau, the city’s largest island and home to Hong Kong International Airport, will be one of the largest projects of its kind – the new islands would cover an area almost twice the size of Dubai’s 560-hectare Palm Jumeirah.

 Priced out of a home.
Priced out of a home. Image: Statista

400,000 homes

Building works are scheduled to begin in 2025 with the first residents moving in by 2032, the South China Morning Post reported.

The scheme, called the Lantau Tomorrow Vision, aims to house up to 1.1 million more people by building between 260,000 and 400,000 apartments, 70% of which will be reserved for public housing. It also includes a transport network to link the artificial islands to Lantau and other parts of the city.

At an estimated cost of US$80 billion, it will be Hong Kong’s most expensive infrastructure project to date. The government, led by Chief Executive Carrie Lam Cheng Yuet-ngor, announced the expansion last year, but recently revealed details of the proposed budget to address public concern over its impact on the city’s coffers, according to the South China Morning Post.

Have you read?

Conservation fund

There are also concerns about environmental disruption and potential harm to species, particularly a local population of endangered pink dolphins. Hong Kong’s government has said it will set up a US$127 million Lantau Conservation Fund to compensate for habitat loss as a result of the building work.

It also said the islands will be designed to withstand sea-level rise and stronger typhoons due to climate change.

Hong Kong SAR has been reclaiming land from the sea for more than 150 years. Hong Kong International Airport was built in the 1990s on an artificial island and is now expanding to include a third runway. And the newly opened Hong Kong-Zhuhai-Macau bridge, the world’s longest sea bridge, has a 6.7 km tunnel between artificial islands to allow shipping to pass.

Loading...
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Stay up to date:

Future of the Environment

Related topics:
Nature and BiodiversitySustainable DevelopmentGeographies in Depth
Share:
The Big Picture
Explore and monitor how Future of the Environment is affecting economies, industries and global issues
World Economic Forum logo

Forum Stories newsletter

Bringing you weekly curated insights and analysis on the global issues that matter.

Subscribe today

How greenways can boost nature-positive living by shaping urban mobility

Federico Cartín Arteaga and Heather Thompson

December 20, 2024

2:29

5 top nature stories of 2024

About us

Engage with us

  • Sign in
  • Partner with us
  • Become a member
  • Sign up for our press releases
  • Subscribe to our newsletters
  • Contact us

Quick links

Language editions

Privacy Policy & Terms of Service

Sitemap

© 2024 World Economic Forum