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Hong Kong Looks Underground to Free Up Land for New Housing

  • Shifting reservoirs, sewage plants to caverns may free land
  • More than 40% of Hong Kong land protected from development
Hong Kong Skyline at the Peak as Asia Shares Extend Relief Rally
Photographer: Billy H.C. Kwok/Bloomberg
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Hong Kong may dig deep to reverse the city’s chronic shortage of land for building, adding underground caverns to the mix of options aimed at creating more housing in the world’s most expensive property market.

It’s an option, according to a government body trying to come up with more land for development. Facilities such as sewage plants and reservoirs could be relocated to caverns, freeing up land for housing, the Task Force on Land Supply said on its website on Thursday.