Wednesday 3 April 2019

Hong Kong’s $80B plan to fix housing crisis is “disastrous,” critics say

Hong Kong’s government wants to build 4,200 acres of artificial islands in the South China Sea, hoping to solve a housing crisis that’s gripped roughly 20 percent of its population. But the first phase of the plan, called Lantau Tomorrow Vision, which would create nearly 2,500 acres of space for a new office district and up to 260,000 apartments, has drawn heavy criticism, according to the LA Times. Opponents say the proposal is expensive and […]



source https://therealdeal.com/miami/2019/04/03/hong-kongs-80b-plan-to-fix-housing-crisis-is-disastrous-critics-say/#new_tab

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