Yes. A ticket is $320. If your car isn't registered to drive on Lantau you can incur a further fine of $450. That is just a case of applying for a Lantau permit once you are a resident.
I used to pay $1000 a month to park in the car park. After a silly dispute one month over renewing my monthly parking I decided to no longer use their service and just park where ever. I have since had maybe 3 tickets in the last 2 years.