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COMMERCIAL PROPERTY | Cesar Tordesillas, Hong Kong

New business district tabled

A new business district will rise in Hong Kong combining Kwun Tong, Kowloon Bay and the former Kai Tak Airport site.

This was revealed by Secretary for Development Carrie Lam while outlining plans for Central Business District 2 in Kowloon East.
She said the booming financial sector requires more quality office space, due to dwindling supply in Central and Wan Chai.
The new business district will include government sites, commercial and business development, open spaces, a monorail, pedestrian bridges, a promenade, and water-sports and marina facilities.
Mrs Lam said two major projects include the Hoi Bun Road Redevelopment and Kwun Tong Ferry Pier Waterfront Development. The former involves the relocation of a waste recycling centre and vehicle-examination centres for the development of offices, exhibition facilities and hotels. The latter will be transformed into small offices, outdoor performance areas and restaurants.
The Kai Tak Government Office will be built for the relocation of Government offices from Wan Chai.
A 12-station monorail line will be built, linking to MTR stations.

A Kowloon East Development Office will also be formed to monitor the development projects.

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