(Bloomberg) -- “Fore!”
Golfers are wondering just how long that call will be heard at the historic Hong Kong Golf Club.
The government is looking at sacrificing the course in Fanling, where the club has been based since 1911, so that homes can be built there, as part of a push to ease a land shortage and counter the city's runaway home prices.
The proposal -- for either a partial or total conversion of the land when a lease expires in 2020 -- will be open for consultation from the end of March, Stanley Wong, the chairman of the government's task force on land supply, said Tuesday. Converting all 172 hectares (425 acres) could yield 13,200 new homes, according to a study last year.
Wong, a former head of Standard Chartered Plc's China operation, later confirmed he was a golfer, but added “I don't play much these days -- I'm too busy with the task force.”
To contact the reporter on this story: Frederik Balfour in Hong Kong at fbalfour@bloomberg.net.
To contact the editors responsible for this story: Sree Vidya Bhaktavatsalam at sbhaktavatsa@bloomberg.net, Paul Panckhurst, Peter Vercoe
©2018 Bloomberg L.P.
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