Key facts
- Property tycoon Gordon Wu has called for Hong Kong to revive large-scale reclamation plans off Lantau Island.
- Wu stated that a shortage of urban land will hinder the city's development.
- He warned that population growth will exacerbate land scarcity.
Hong Kong should revive plans for large-scale reclamation off Lantau Island to run in parallel with the Northern Metropolis project, property magnate Gordon Wu Ying-sheung has said. He warned that a lack of urban land will hold back the city’s development as the population grows. The 90-year-old founder and chairman of Hopewell Holdings also described it as “too early to say” whether his property empire would follow its peers and commit to investing in the mega development near the city’s border.