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A Chinese property developer is spending $541 million to convert a plot of farmland into a luxury housing development, the SCMP reported.
One home in the development will be as big as 180 apartments in a popular Hong Kong housing complex.
Hong Kong currently in the midst of a housing crisis, with people living in coffin homes.
A Chinese property developer is spending $541 million to convert a plot of farmland into a luxury development in Hong Kong s New Territories, Pearl Liu and Sandy Li reported for the South China Morning Post.
The 2.4 million-square-foot plot will include 268 villas, per the SCMP. Amongst those is a structure currently referred to as House 1, a 240,000-square-foot villa the plot s largest that evokes France s Palace of Versailles. It will feature four private elevators, a swimming pool, and eight bedrooms. ....

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