Hong Kong’s River Trade Terminal, a 65-hectare container terminal near Tuen Mun, could be demolished in order to build 22,000 new flats, according to South China Morning Post.
A housing crisis in the region has led to discussions about the terminal’s development.
Talks began on March 23, 2018, at a meeting between a task force that is advising the government on land supply.
Reports have so far suggested that the government is expressing scepticism about the development.
The River Trade Terminal links Hong Kong to ports in the Pearl River Delta in China, where the Pearl River flows into the South China Sea.
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Hutchison Port Holdings and Sun Hung Kai Properties have a joint lease on the terminal until June 30, 2047.
Hong Kong is the world’s most expensive property market.
Since 2003, private home prices have jumped by 445%.
Speaking to SCMP, district councillor Tam Chun-yin of the Labour Party, said: “You can’t just think of housing whenever you see land and disregard the district-wide plans,” said. “It’s very irresponsible to do that.”
