Reclaiming land vital to HK's growth, analysts say

Project will relieve land shortage crisis, help city stay competitive

Chief Executive Carrie Lam's plan for massive land reclamation is necessary for Hong Kong's growth as it will provide relief to the city's land shortage crisis and help it stay competitive in the region, say observers, as criticisms mount over the project off Lautau island.

Nomura analyst Joyce Kwock described the plan as "a longer-term powerful tool to relieve the land shortage pressure", despite its limited short-term impact on the listed Hong Kong developers or the residential housing market.

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A version of this article appeared in the print edition of The Straits Times on October 16, 2018, with the headline 'Reclaiming land vital to HK's growth, analysts say'. Print Edition | Subscribe