Discovery Bay developer Hong Kong Resort Company to invest US$1.9 billion, the biggest in Lantau in the past decade

• Hong Kong Resort Company to pay a land premium of HK$5.24 billion for a 699,660 sq ft plot in Discovery Bay, which will yield 1.3 million sq ft of gross floor area
• The proposed 1,400-unit project, the 19th phase of development at Discovery Bay, will take about seven to eight years to complete, HKR International executive says