Planning for Residential Developments(2013/11/06)- (Supplementary)

Planning for Residential Developments(2013/11/06)- (Supplementary)

Planning for Residential Developments(2013/11/06)

MR YIU SI-WING: President, since the sites in the traditional business districts are insufficient, we can see that an increasing number of companies have moved their operations to Kowloon East, and the commercial activities in that district have become more intense as a result. May I ask the Secretary if, even as he increases the number of commercial sites in Kowloon East, he would also make planning for more hotel sites? If he would, at which locations would such sites mainly be found?

SECRETARY FOR DEVELOPMENT: President, Kowloon East will be the CBD2 of the future, that is, the second central business district. In urban planning, many sites can be used to build hotels or office buildings, so we will leave it to the market to decide according to the supply and demand situation then. In addition, in the KTDA, we have also reserved quite a lot of sites for commercial development. After the completion of the development in the future, the office floor area in Kowloon East will be double that of Central.Moreover, as we mentioned just now, in reviewing the development density of the entire Kai Tak, not only will we look at residential sites, we will also look at commercial sites. We believe that a certain amount of additional floor areas for offices or hotels can also surely be provided for this purpose. However, at the present stage, since the technical assessment is still ongoing, it is not possible to announce how many square feet there actually will be for the time being.
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