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Hong Kong's Housing Shortage Could Dent Disney's Dream

  • City examines farmland, parks, reclamation to free up land
  • Developers are sitting on 1,000 hectares of idle farmland
Hong Kong properties.
Photographer: Anthony Kwan/Bloomberg
Updated on

Hong Kong’s leaders are leaving no stone unturned in their quest to unlock more land for homes.

Golf courses, amusement parks and container ports are all being studied as sources of potential land supply by Chief Executive Carrie Lam’s government, which is seeking ways to solve a chronic housing shortage. The tight supply of housing has helped fuel soaring prices in the world’s least affordable city, where taxes and mortgage curbs have failed to cool the market.