Property Development and Environmental Impact of Projects
Property Development and Environmental Impact of Projects
This chapter highlights the challenges to their profitable property development model especially in the last few years, the emergence of environmental issues in new projects since the late 1990s, and how different responses from the MTRC and the KCRC led to contrasting outcomes. Their extensive involvement in both railway and property development had profound impacts on the urban and rural environments in Hong Kong in both positive and negative ways. As in other aspects of corporate and project governance, the KCRC experienced more controversies whereas the MTRC turned some of the public concerns into its own business interest.
Keywords: MTRC, KCRC, environmental issues, railway development, property developer
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