Hong Kong Eyes Sea, Golf Courses to Solve Chronic Housing Crisis
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Hong Kong’s limited supply of land has forced it to look at unusual and costly options to address a chronic homes shortage in the world’s least affordable housing market.
One of the ideas the government is considering is to build four artificial islands in its central waters. This would cost HK$500 billion ($63.7 billion), the South China Morning Post reported. Chief Executive Carrie Lam is also examining proposals ranging from converting parts of private golf courses to developing a disused container terminal.