HONG KONG • The government of Hong Kong plans to spend HK$624 billion (S$108 billion), equivalent to half its fiscal reserves, to reclaim land for artificial islands that will help ease the city’s housing crunch..
HONG KONG • The government of Hong Kong plans to spend HK$624 billion (S$108 billion), equivalent to half its fiscal reserves, to reclaim land for artificial islands that will help ease the city’s housing crunch.
The price tag for the so-called Lantau Tomorrow Vision includes costs for reclamation, infrastructure and improving transportation, Secretary for Development Michael Wong said at a briefing yesterday.
