Hong Kong To Build Artificial Island To Fix Housing Shortage

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By Accommodation Times Bureau

In a move to find solutions for housing shortage, Hong Kong has plans to construct USD 79 billion artificial islands, according to AFP.

Lantau Tomorrow Vision project is said to be the solution to the housing shortage in the city. It is said that the project can fit around 260,000 homes.

On the reclaiming land, the authority hopes to start work in 2015 and in 2032 residents would be allowed to move in, said the authority.

According to the agency, the artificial island the city’s most expensive infrastructure project to date — would be four times the cost of building Hong Kong International Airport. It would be nearly three times the size of New York’s Central Park and provide up to 260,000 flats,  said the government

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