A classic case of cognitive dissonance: a think tank calls for preservation of South Lantau’s natural heritage, yet also urges construction of the East Lantau Metropolis (ELM).
A report by Tung Chee-wah’s Our Hong Kong Foundation on the city’s land supply says Hong Kong has had no major land development for more than a decade and the focus now should be on Lantau.
Like the government-appointed LanDAC commitee, it’s an enthusiast about Lantau’s economic potential because of its location at the centre of the Pearl River Delta.
The East Lantau Metropolis (ELM) will require reclamation of around 1000 hectares in Hong Kong central waters, activists have calculated.
That is equivalent to roughly 1,000 rugby fields and compares with the 1,200 ha Chek Lap Kok Airport and the 130 ha artificial island for the Hong Kong-Macau Bridge landing zone.
A real estate expert has called into question the economic and environmental feasibility off the government’s East Lantau Metropolis plan.
The government has pitched the scheme for a commercial and residential hub of up to 700,000 people on an artificial island off Lantau’s east coast as a means of providing housing and economic activity.
But Leo Cheung, head of business valuation at property services company Icon City, said in a letter to Hong Kong Economic Journal it was difficult to see any “geographic operational synergies” for the hub in any sector other from logistics.
The government’s economic projections “belong to the unknown,” he says. Continue reading