Wednesday 14 April 2021
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scmp - 1 month ago

Conversion of Kai Tak commercial plots to residential use will reduce office space by 20 per cent, analysts warn

The proposed conversion of five parcels of commercial land at the former international airport site to residential use would incur a loss of 4.5 million square feet of office space, a move that could deal a blow to the role of Kai Tak in the transformation of East Kowloon into Hong Kong’s second core business district.The rezoning of the five commercial plots would yield about 5,800 private flats, according to Financial Secretary Paul Chan Mo-po’s budget unveiled last Wednesday. It will reduce…


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