Cities
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Cost estimate of building a floating city, from the Seasteading Institute 1. The cost is comparable, on a square foot basis, to the cost of real estate in the most expensive markets in the world: Manhattan and San Francisco 2, and Hong Kong, Singapore, Shanghai, London, and Paris 3. The cost of floating cities is based on a hypothetical cost study, not real world construction projects.

Floating platforms may be useful for creating new land in expensive, land-constrained coastal cities, such as Singapore, as an alternative to environmentally costly land reclamation 4.

Problem:
Environmental impacts of reclaimed land
Solution:
Floating urban developments

Reclaimed Land

Per square foot, the cost of land reclamation varies widely but is generally cheaper than the assessed cost of seasteading.

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Data: Hulhumalé (Maldives) 5, East Lantau Metropolis (Hong Kong) 6, Durrat Al Bahrain 7, Manila Bay 8.

Reasons for reclaimed land developments include the need for more access to real estate in space-constrained cities and the desire to place certain facilities, such as airports, far from a city center. Military bases at the artificial islands among the 9 Islands offer China a strategic advantage in the event of conflict 9.


References

  1. Hencken, R. et al. "The Floating City Project". The Seasteading Institute. 2014.

  2. NeighborhoodX. "Comparing city price ranges". August 2018.

  3. Siebrits, J. "Global Living 2019". CBRE. 2019.

  4. Wang, W., Liu, H., Li, Y., Su, J. "Development and management of land reclamation in China". Ocean & Coastal Management 102, Part B, pp. 415-425. December 2014.

  5. Reuters "New Maldives island rises from the depths". NBC News. December 2004.

  6. Hong Kong Development Bureau, Hong Kong Planning Department "Preliminary Concepts for the East Lantau Metropolis". October 2016.

  7. Trip Privacy "Durrat Al Bahrain". Accessed October 26, 2022.

  8. Mayuga, J. "Land-reclamation tack fraught with challenges, opportunities". Business Mirror, May 2016.

  9. Poling, G. "The Conventional Wisdom on China's Island Bases is Dangerously Wrong". War on the Rock, January 2020.