Here on Lantau, Hong Kong’s cheapest property

Running around Chi Ma Wan peninsula last year I noticed a bunch of apartments on the shore below. Not knowing the epic importance of the dwellings, I took this photograph from just the other side of the point.

Sea Ranch Almost

That’s pretty much the same stunning view as residents get daily. Who wouldn’t want a part of it?

The answer is, no-one.  Even in land-scarce Hong Kong.

The place is called Sea Ranch. Built some 20 years ago, it has entered Hong Kong legend as a semi-deserted ghost village. Not quite on the same scale as Skyfall‘s Hashima Island, but important enough to rate a mention in Time Out‘s ‘Secret Hong Kong’.

The awkward location and lack of transport links have doubtless contributed to the exit of owners and tenants. At $732 per square foot it is surely Hong Kong’s best-priced accommodation (thanks, Big Lychee). That’s six times less than the South Lantau average of $4,704 for November.

But what’s that smack in the middle of the foreground? Yes, Shek Kwu Chau, the government’s favourite location for super-incinerator and wharf, promising the arrival of 3,000 tonnes of garbage daily and likely toxic emissions. No wonder it’s been abandoned by the market.

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