Aerial drone view of Sunshine Island in the waters east of Lantau Island. The Lantau Tomorrow Vision reclamation project announced by Chief Executive Carrie Lam in October 2018 has put residents in the area on high alert. Photo: Winson Wong

Land revenue growth likely to offset possible Lantau Tomorrow Vision budget overruns says Hong Kong development minister

  • Even if mega project’s budget rises due to inflation, land prices may rise at a higher rate and more than make up for it, says Michael Wong
  • Government will request HK$500 million funding to conduct feasibility studies over 42 months, after which the budget estimate will be revised
Topic |   Hong Kong housing

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Aerial drone view of Sunshine Island in the waters east of Lantau Island. The Lantau Tomorrow Vision reclamation project announced by Chief Executive Carrie Lam in October 2018 has put residents in the area on high alert. Photo: Winson Wong
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