Hong Kong developer pitches ground-up city in Ireland for HK expats

Ivan Ko wants to build a city for 50,000 Hong Kongers outside Dublin

TRD NATIONAL TRD WEEKEND EDITION /
Aug.August 01, 2020 12:00 PM
Ivan Ko

Ivan Ko

A Hong Kong developer redrew a pitch to build a city from scratch in Ireland after what appeared to be a lukewarm reception.

Victoria Harbour Group founder Ivan Ko is now looking for a roughly 20-square-mile site outside Dublin to build a city from the ground up dubbed Nextpolis that would host 50,000 Hong Kong emigrants.

He first pitched a 193-square-mile project around December as an autonomous city in the vein of Hong Kong itself, but has now revised the proposal after getting feedback from Ireland and other potential host countries.

“We found out that replicating the Hong Kong model was not suitable, as if we were imposing something, and that Hong Kong people would be seen as segregated from the rest of the population,” he said, adding that the new proposed city would not have its own border or independent political system.

He called Nextpolis “just a new city to let Hong Kong people live together and at the same time integrate with local businesses so we can maximize the benefits to both sides.”

Ko cited Ireland’s favorable corporate tax structure as a reason to build there and said the proposal meets the Irish government’s desire to develop outside Dublin, according to the Guardian.

A spokesperson for Ireland’s Department of Foreign Affairs said that the department was in contact with Ko and his team and provided feedback when they first approached the Irish government in December, but “since providing this guidance there has been no further action taken by the department in this matter.” [The Guardian] — Dennis Lynch


Related Articles

arrow_forward_ios
From left: London, Shanghai and Paris

The TRD weekly global digest

The TRD weekly global digest
(Credit: iStock)

As protests in Hong Kong rage on, a trade war truce with US gives boost to home sales

As protests in Hong Kong rage on, a trade war truce with US gives boost to home sales
An aerial view of construction at the former Kai Tak Airport (Credit: Wikipedia)

In Hong Kong, an old airport is being transformed into a new neighborhood

In Hong Kong, an old airport is being transformed into a new neighborhood
An aerial view of Hong Kong Downtown (Credit: iStock)

How long can Hong Kong’s family real estate dynasties last?

How long can Hong Kong’s family real estate dynasties last?
How new HVAC requirements will affect store reopenings and sustainability goals

How new HVAC requirements will affect store reopenings and sustainability goals

How new HVAC requirements will affect store reopenings and sustainability goals
Using Alternative Data for Property Valuation Models Post COVID-19

Using Alternative Data for Property Valuation Models Post COVID-19

Using Alternative Data for Property Valuation Models Post COVID-19
Jeffrey Epstein and his two properties to recently hit market, 9 East 71st Street in New York and 358 El Brillo Way in West Palm Beach (Getty, Google Maps, StreetEasy and Corcoran Group) 

Brokers vied for Epstein listings. Can they sell them?

Brokers vied for Epstein listings. Can they sell them?
Under Pressure: COVID-19 Puts HVAC Tech to the Test

Under Pressure: COVID-19 Puts HVAC Tech to the Test

Under Pressure: COVID-19 Puts HVAC Tech to the Test
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...