Island basks in future role
Despite industry doubts about Disneyland's future impact on Lantau property prices, Hong Kong's biggest island is poised for great things when it takes on the role of economic driver and tourist magnet.
The opening of Disneyland is part of the government's plan to reposition Lantau. Other projects include a logistics park, a golf course, a hotel resort, a marine park and another theme park.
'The future of Lantau Island is going to be exciting - Disneyland is just the beginning,' said Midland Realty executive director Vincent Chan Kwan-hing. Lantau will be Hong Kong's new tourist attraction and home to a large residential community.
The next project due is AsiaWorld-Expo, a 70,000-square-metre exhibition centre at Hong Kong International Airport. Due to open in December, the expo is part of the airport's multibillion dollar SkyCity project. It includes a 40,000-square-metre entertainment and shopping complex, SkyPlaza and SkyPier, which will also provide ferry links between the Pearl River Delta and the city.
MTR Corporation is building a $950 million, 5.7km cable car line from Tung Chung to the Big Buddha at Ngong Ping in the hills of Lantau, slated for completion in the first quarter of next year.
Tung Chung, where more than 70 per cent of Lantau's population of 88,000 reside, will continue to be developed as a new town, with extensions to Tung Chung West and East that will accommodate a projected population of 267,000.
The government is also considering building a second international theme park, a waterfront attraction in Tung Chung East. Also on the cards are a logistics park in Siu Ho Wan, near the airport, and the proposed Hong Kong-Zhuhai-Macau Bridge.
Northwest Lantau has been identified as a possible location for Container Terminal 10.
1. Logistics park
2. Possible logistics park extension or recreational use
3. Cross-boundary transport hub
4. Leisure and entertainment node
5. Theme park/recreational use