Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Thursday, Mar 23, 2023

Construction of light public housing in Kai Tak can be understood, says developers’ association chief

Construction of light public housing in Kai Tak can be understood, says developers’ association chief

The government’s decision to build light public housing in Kai Tak, an area authorities vouched to transform into the second Central Business District (CBD2), can be understood, said Stewart Leung Chi-kin from the Real Estate Developers Association.
Leung said although developers understand the government has a duty to fulfill public housing demand and the Kai Tak project is agreed upon and welcomed by the association, he voiced concerns about how the lands will be developed in five years and worried the transportation there will be overwhelmed.

“As developers, we welcome and agree with the government to do whatever it can to fulfill the public’s needs. We are more concerned about how the use of the lands will be switched five years later,” Leung told reporters Tuesday afternoon.

Leung, the chairperson of the association’s executive committee, pointed out that only Kai Tak MTR station and Sung Wong Toi MTR station are in the area. He continued that the growing population may “jam” the stations in the upcoming three to five years as more private homes are also expected in the area under ongoing projects.

Yet, he noted that “the government has talked to us and said they have certain means to tackle the [transportation] problem.”

When asked if he was worried about private home prices being affected, Leung said, despite objections in the past, the association “can’t say no” this time as the government has the need to build light public housing.

Leung added he has learned that the government has no plan to transform the makeshift hospitals in Kai Tak into light public housing.

The association convened a special meeting today after authorities yesterday (Mon) announced four more sites to be used for building light public housing. The four sites are located on Olympic Avenue in Kai Tak, Choi Hing Road in Ngau Tau Kok, Sheung On Street/Sheung Ping Street in Chai Wan, and Lok On Pai in Siu Lam.

These four sites and four others in Tuen Mun, Yuen Long, and Sheung Shui announced earlier are expected to provide about 30,000 units in five years, of which about 10,700 units are to be provided by the Kai Tak project alone.

On the other hand, a social media post also circulated online with the netizen who published it, claiming to be a private homeowner in Kai Tak, blasting the government for “sacrificing the grand vision of Kai Tak as a CBD2 for no good.”

“We are starting to pity developers who are also cheated by the government’s irresponsible and passive handling in the development of Kai Tak. Every owner’s corporation in Kai Tak will unite and take action,” the netizen wrote.

Related Articles

Hong Kong News
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
The US government has charged Chinese businessman Guo Wengui with leading a $1 billion fraud scheme that cheated thousands of followers out of their money.
Credit Suisse to borrow $54 billion from Swiss central bank
The BBC problem about China
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
Announcing GPT-4
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
'No relation to the American SVB': India's SVC Bank acts to calm depositors amid brand name confusion.
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
Saudi Arabia has announced a major breakthrough in diplomacy with Iran after two years of intense talks
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
A primitive judge in Australia sparked outrage when he told a breastfeeding woman to leave his courtroom for being “a distraction"
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
2 universities in Hong Kong embrace use of ChatGPT, other AI tools
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
Missing Chinese banker was working to set up Singapore family office
Hong Kong ditches Covid mask mandate after 945 days
Xi Jinping and His Wife Meet with Cambodian King Norodom Sihamoni and Queen Mother Norodom Monineath Sihanouk
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
When it comes to Tesla vs Lamborghini, an empty vessel makes more noise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
North Korea test-fires an intercontinental ballistic missile into the Sea of Japan west of Hokkaido
US bombed Nord Stream gas pipelines, claims investigative journalist Seymour Hersh