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Rumors in the political circle | Real estate developers have invested in Kai Tak CBD at high prices? The business community is questioned by the bridge

2022-07-14T23:08:41.212Z


The Kai Tak Runway District, which has become a major supply center in recent years, was originally positioned as the second core business district (CBD2) in Hong Kong, but the development does not seem to be as expected.


In recent years, Kai Tak Runway District, which has become a primary supply center, was originally positioned as the second core business district (CBD2) in Hong Kong, but the development does not seem to be as expected. 5 commercial plots were rezoned into residential buildings, and the transportation facilities and the positioning of the runway area have attracted much attention.


The 9 developers who have already bid for the Kai Tak land have rarely formed a private company to "save themselves" recently. They have repackaged the image of the runway area, integrating business, entertainment, sports and residential, and have given the land a very elegant name: Park Peninsula.


Some people in the business community pointed out that the developer invested in land at a high price and longed to develop Kai Tak into a second CBD. However, after the government stopped the monorail train and cut down the commercial land, it is inevitable that people would feel like "crossing the bridge and pulling the board".

Some members stressed that they did not accept Kai Tak becoming a "purely residential island", while some developers proposed a transport package, hoping to solve the problem of residents' access.


A mock-up of Park Peninsula in the Kai Tak runway area.

Nine real estate developers jointly established a non-profit private company "Kai Tak Runway District Private Development Co., Ltd.", including SHKP, Henderson Land, New World, Wheelock, K. Wah International, Chinachem Group, China Overseas, Empire Group and Far East Development. The company will actively cooperate and negotiate with different stakeholders and government departments through a public-private partnership model to enhance the image of the region.

Leung Chi-kin, chairman of Wheelock Properties, pointed out that the relevant cooperation is not to oppose the government's planning, but to organize activities together. If there are large-scale events in the future, they will also organize or participate in the name of the organization.

Yeung Wing-kit stressed that the Kai Tak development plan is to build a central business district and should not become a "purely residential island".

(File photo/Photo by Li Zetong)

Yang Yongjie: Kai Tak is a CBD planning that should retain commercial use

One of the focal points of the incident is that the transportation facilities in the area are obviously insufficient. The conversion of 5 commercial plots into residential buildings is bound to further increase the traffic burden.

Kowloon Central Member of the Legislative Council, Yeung Wing-kit, said that it is unacceptable that the five commercial sites in Kai Tak will be converted into residential land.

He explained that after the government shelved the monorail plan, it has made residents' lives and traffic extremely inconvenient. He believes that part of the land should be reserved for commercial purposes, otherwise the long-term planning of Kai Tak as a central business district will be sacrificed.

Yan Wenyu believes that the five commercial sites in the Kai Tak Development Area will change the residential development, and the traffic pressure will increase greatly.

(file picture)

Yan Wenyu worries about the catastrophic impact of traffic pressure explosion

Kowloon East Member of the Legislative Council, Ngan Man-yu, also pointed out that there is no mass transportation system in Kai Tak. After the five commercial sites are all converted into residential uses, it will lead to a high flow of people and high residential density in the area, which will intensify traffic pressure and bring catastrophic damage. influences.

He believes that if the government converts all 5 sites into residential use, the monorail plan needs to be restarted, otherwise it will be difficult for residents to leave the "dock island" of Kaide.

Leung Chi-kin, chairman of Wheelock Properties, said that the developer holding the Kai Tak land proposed a number of transportation packages to the government, and the government did not object.

(file picture)

Leung Chi Kin: Developers are quick to sell buildings and citizens are worried about traffic or discouraged

Liang Zhijian said that the original plan had residential and commercial land, and residents could work nearby. After the land use was changed, residents needed to work across districts, and the transportation facilities were of concern.

He bluntly said that the developer is very worried about this, "We are about to sell the building." He was worried that the public would be discouraged by the lack of transportation facilities, so he communicated with the government and proposed a number of transportation facilities. The government did not object, so the developer took advantage of the current situation. This cooperation was presented to the media.

Leung Chi-kin said that in the future, in addition to water taxis going to Central, there will also be shuttle buses connecting Kai Tak Station and Sung Wong Toi Station. There will also be electric walkways near the sea, and Kai Tak Nullah will also have footbridges and bicycle bridges connecting Kwun Tong.

A businessman said bluntly that developers are most concerned about selling properties. Back then, the land price in the runway area was as high as 13,000 to 19,000 yuan per square foot. It was a "luxury house price". When the "flour" price was high, "Bread" must be expensive, but if the color of the CBD in the runway area seems to be missing, and the transportation facilities are not good, how can you attract visitors?

9 major developers teamed up to form a company to name the Kai Tak runway area project uniformly, Park Peninsula and the demolition |

Source: hk1

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