"Here’s how transferable development rights outweigh Lantau reclamation plan in ending Hong Kong housing crisis"
Concrete Analysis by Qiao Shitong and Roderick Hills Jr.
31 March 2021
Housing in Hong Kong is among the least affordable in the world. And the problem is not lack of land, but lack of development. Three quarters of Hong Kong’s land is vacant, and much of this is reasonably buildable territory.
In particular, Hong Kong contains 1,414 hectares (3,494 acres) of brownfield sites and another 1,200 hectares of country development land reserved for indigenous villagers of the New Territories that is all suitable for high-density residential construction. Click here to read the full text.