The government reclaims the land of Disney Phase II Ma Siheng: a wise decision to build a house faster than Lantau tomorrow

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Written by: Kong Fanxu

2020-09-23 19:43

Last update date: 2020-09-23 19:43

The government announced today (23) that, taking into account the current economic situation, it will not extend the subscription rights for the 60 hectares of land reserved for the second phase of the Disneyland development tomorrow (24th) when the line is dead, which means that the second phase of the Hong Kong Disneyland development plan has failed. .

Ma Shiheng, the former Secretary for Financial Services and the Treasury and Secretary for Commerce and Economic Development, said in an interview with "Hong Kong 01" that he believed that the government's resumption of the second phase of land was a wise decision.

He quoted from the real estate industry's assessment that when the plot ratio of 60 hectares of land is used up, 50,000 units are expected to be built.

Ma also pointed out that the expansion of Hong Kong Disneyland has been completed, and there is no need to compete with Shanghai or overseas Disneyland. Instead, it can develop unique features to attract customers.

List of contents of Disney's expansion plan

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Ma Shiheng, the former Secretary of the Bureau of Commerce and Economic Development, believes that the government's resumption of the Disney Phase II land is a wise decision.

(Photo by Gong Jiasheng)

Ma Shiheng pointed out that he agrees with the government's decision to reclaim the second phase of Disneyland. According to estimates by people in the real estate industry he knows well, if the plot ratio of 60 hectares of land is used up, 50,000 units of 3 to 4 people can be built, although the land is changed. It takes time to use and build infrastructure, but I believe that the speed of development will be faster than that of "Lantau Tomorrow". After the government reclaims the land, regardless of housing or other purposes, "the government can have one more choice", but the final use still needs to be decided by the government .

Hong Kong Disney​ ``The size must not be enough to fight''

The expansion of Disneyland has been completed in the early years. Ma Shiheng believes that it is enough and that it can develop unique features in the future to attract customers. He also pointed out that even if Disneyland develops the second phase of 60 hectares of land, the area is not as large as that of Shanghai and the US Disney. Enough fighting, (Hong Kong Disneyland) has to know the road, it is particularly attractive", so I think it will not help, it is difficult to revitalize the tourism industry in the current environment.

In August 2017, the government and Disney revised the height restriction contract. Compared with the plan of tomorrow's Lantau Island, it can be seen that more than 30% of the artificial island falls into the height restriction zone in the contract.

(Land Registry)

The area is only 6% larger than Lantau tomorrow

Chief Executive Carrie Lam Cheng Yuet-ngor's 2018 policy address launched the "Lantau Tomorrow" plan. It plans to reclaim 1,700 hectares of sea to build four artificial islands. The phase will study the construction of 1,000 hectares of artificial islands in the Kau Yi Chau area.

The Development Bureau estimated at that time that 1,000 hectares of land could provide about 150,000 to 260,000 units, of which 70 would be public housing, that is, about 105,000 to 182,000 units. Although the supply of units is very high, the first batch of residents will not be until 2032 at the earliest. Occupation.

Now that the government has reclaimed 60 hectares of land, all sectors of the community believe that housing can be considered. It is believed that the completion date will be faster than the controversial "Lantau Tomorrow" project to solve the urgent need.

Schematic diagram of the height restriction area around Lantau artificial island and Disney tomorrow.

(Hong Kong 01 drawing

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Disney Ma Shiheng