Lantau reclamation plans should be revived, property tycoon Gordon Wu says

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, warning 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 with mainland China.“We don’t know, because at the present moment the land is still not owned by the government. So that’s the first priority [for us],” he told the South China Morning Post. “Get the ownership, get the transport – all that is the government’s [job]. After that, the private sector will come in.”