Hong Kong’s solution to the housing problem must not sacrifice natural heritage
- Should areas of outstanding natural beauty be destroyed when there are better solutions to our housing problem?
- Given the government’s long-term housing strategy, using part of a golf course to build 12,000 flats seems to be a short-term move to deflect talk of elitism
Home ownership plays a primary role in wealth creation and protection, but too many people are finding it a struggle to secure such a financial foothold. In Hong Kong, creative solutions are required to address key issues and tackle the complex process of land acquisition so that we can meet demand now, and in the future.
A comprehensive solution will be a measure of our success as a progressive society and make Hong Kong an attractive place to live and work.
However, we also need to preserve our natural heritage for future generations. Access to the great outdoors and a myriad of healthy activities is important to the well-being of locals and visitors alike. Should areas of outstanding natural beauty be destroyed when there are better solutions to our housing problem?
The government’s long-term housing strategy sets a 10-year supply target of 430,000 units, of which 301,000 are public. An independent housing forecast released by Our Hong Kong Foundation suggests that supply will improve significantly over the next five years, and that the development potential of the Northern Metropolis will be crucial to meeting the government’s housing target for the rest of the coming decade.
A profitable, affordable alternative to light housing and Lantau Tomorrow
Many believe that a considerable number of public housing units could be held by people who are no longer eligible. A comprehensive and transparent review is required to ensure only those eligible are benefiting.
The forthcoming Hong Kong Open, for example, is a major international event. The event in 2018 was broadcast live to over 400 million households globally, and it was a valuable marketing campaign for all aspects of Hong Kong. Although not a golfer, I do have an association with the club. I also recently learned that in 2019, pre-Covid, HK$27 million was raised for charities at events hosted by the club.
There are other examples where perhaps not all the available land supply options have been given due consideration, often in favour of short-term gain.
And, in Hong Kong, future generations will be the judge of how well our generation utilised the resources at our disposal to create an inclusive living environment on a par with the region’s best.
Bernard Chan is a Hong Kong businessman and a former Executive Council convenor