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HONG KONG (May 18): Hong Kong real estate magnate Gordon Wu said an ambitious land reclamation project can help solve housing and social problems, while welcoming the enforcement of a national security law in the city as bringing stability to boost investment. The 85-year-old billionaire chairman of Hopewell Holdings, who enjoys good ties with Beijing, said the Hong Kong government s Lantau Tomorrow project, which will cover an area about a third of the size of Manhattan, will increase land supply and make housing more affordable. To compete with others, our government needs to think high tech and every development needs land, he told Reuters in a recent interview. Our office prices can t be too expensive, and also the housing cost (must be affordable).

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