You know what is baffling, there are so few cricket grounds in HK and now they want to build homes on HK Cricket Club. Why not buy land surrounding HK in Shenzhen and build homes for those rich mainlanders? After all they are buying most of the new matchbox flats.
Hang on... isn't there a giant island called Lantau which is twice the size of HK Island that seems to have plenty of space and is already connected to an extensive public transport system? Didn't we already build a giant airport out there and destroy its coastline? How is that not a logical option as opposed to a few leases expiring at private clubs?
Why not re-zone the industrial land in Kwun Tong, Kowloon East, and other places? It's empty, the government is trying to save it for the developers to make luxury flats, and it releases stories like this to distract the public.
A courageous move to take on vested interests.