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Hong Kong Wants to house 1.1 million people -steel tube expo-tube &pipe expo
10/17/2018 steel tube expo-tube &pipe expo |
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The South China Sea become a stage for Hong Kong’s dystopic future wherein 1.1 million people, many displaced by a housing crisis, are expected to live on artificial islands within the next 30 years. Hong Kong’s chief executive, Carrie Lam, outlined a plan for the ambitious geoengineering project in a policy address. Dubbed “Lantau Tomorrow Vision,” it will add 4,200 acres of new land near Lantau Island, Hong Kong’s largest outlying island at the mouth of the Pearl River. The location was selected from a list of several potential sites. Hong Kong’s government has yet to attach a price to the project, but local media have estimated its total cost could reach HKD 500 billion. Lam’s address said that “The vision aims to instil hope among Hong Kong people for economic progress, improve people’s livelihood and meet their housing and career aspirations.”
Hong Kong has had the world’s least affordable housing market eight years in a row, according to the Demographia International Housing Affordability Survey of 300 cities. The average price per square foot is nearly USD 1,400 and one study found that Hong Kong’s apartments are, on average, the smallest in the world at 484 square feet. A shortage of developable land, dense population numbers - 7.3 million people inhabit roughly 427 square miles - and an increasing demand to live in the booming technology hub are rapidly displacing residents who can’t afford a roof over their heads.
The appeal of more land and housing is understandable. The artificial islands would eventually contain 260,000 to 400,000 residential units, 70 percent of which would be public housing, for 700,000 to 1,100,000 people (15 percent of the population), according to Hong Kong’s government.
Meanwhile, Lantau Tomorrow Vision willp be Hong Kong’s largest land reclamation project, a process in which new land is created from bodies of water. Building an island out of nothing is no small feat- in Hong Kong, methods have included dredging the seafloor and injecting cement into the seabed. Approximately 6 percent of Hong Kong’s land is reclaimed, and houses 27 percent of its population
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- The 20th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
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