Nan Fung Group to turn Kai Tak site into commercial area for $32b

The 47-storey development building is slated to be the tallest CBD 2.0 building.

Hong Kong conglomerate Nan Fung Group has announced a plan to build AIRSIDE, a 1.9-million-sqft mixed-use commercial development in Kai Tak area, a press release confirmed. The total investment of this project is expected to reach $32b and is set to open in Q4 2022.

The 47-storey development building will include over 30-storey Grade-A office and a multi-storey retail complex with an interconnected underground shopping street.

With a height of 200m, it is slated to be the tallest building in Hong Kong’s CBD 2.0 and will include a gross Grade-A office floor area of 1.2 million sqft. The 700,000-sqft shopping mall will include experiential retail, cuisine, quality living, and leisure experience. Greeneries, open-air rooftop, terraces, and surrounding grounds will constitute 33% of the total site area.
 

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

HSBC Life posts 21.5% share of new premiums in Q1 2025
The insurer wrote over HK$20b in new business premiums during the period. 
Insurance
McDonald’s-leased HK retail sites hit market in $1.2b sale
The properties are located in high-traffic areas including Tsim Sha Tsui, Causeway Bay, Mong Kok, among others.
Hong Kong tourism rises 11.9% with Mainland travel rebound
Hotel occupancy averaged around 85% in 2024, but the Average Daily Rate (ADR) dropped 4.3% YoY.
Hotels & Tourism
Hong Kong insurance premiums hit $28.6b in Q1 2025
This was driven by robust growth in both long-term and general insurance business.
Insurance