Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Thursday, Mar 30, 2023

Up to 210,000 residential flats to be provided on Kau Yi Chau Artificial Islands

Up to 210,000 residential flats to be provided on Kau Yi Chau Artificial Islands

The Development Bureau released a proposal for developing the Kau Yi Chau Artificial Island project on Tuesday, announcing three artificial islands of 1000 hectares would be built to provide 190,000 to 210,000 residential flats and accommodate up to 55,000 people.
The project will consist of three islands, with islands A and B of about 380 hectares and island C will be as large as 240 hectares. A Y-shaped sea channel will separate the islands.

The islands, which were developed based on the concept of a "15-minute neighbourhood", said the government, will be divided into residential and core commercial districts, offering around 270,000 positions for work.

The residential districts will occupy 250 hectares, accounting for 25 percent of the whole project. The commercial districts, located 100 hectares large, will provide four million square meters (about 400 million ft²) of business buildings.

In addition, a 13-kilometre-long Hong Kong Island West - Northeast Lantau Link will pass through island C to be the first road connecting Hong Kong Island and New Territories northwest without travel via Kowloon. It is scheduled for completion in 2033.

The government will also construct the Hong Kong Island West - Hung Shui Kiu Rail Link, which will be 30 kilometres long and pass through all three islands. The link will go through Hong Kong West, the artificial islands, Sunny Bay, and Tuen Mun East, extending to Hung Shui Kiu in Northern Metropolis and connecting the in-planning Second Stage Study of Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu - Qianhai).

An estimated cost of HK$580 billion will be spent on the artificial islands project, said the government. The private and commercial lands on the islands are expected to bring a revenue of HK$750 billion under a preliminary calculation.

The government also predicted the economic activities of the artificial islands could bring about HK$200 billion in value per year, accounting for seven percent of Hong Kong's GDP.

Related Articles

Hong Kong News
Tsai Ing-wen received a "warm welcome" from the Chinese people in the US.
EU's von der Leyen: "We know this is an era where we rely on one single supplier. China. 98% of our rare earth supply."
China and Brazil have signed a new deal that will allow them to trade in their own currencies, bypassing the US dollar as an intermediary
Elon Musk and Others Call for Pause on A.I., Citing ‘Profound Risks to Society’
“We've had evidence prior to the pandemic that masks were largely ineffective at preventing community transmission of influenza “
Former Starbucks CEO Howard Schultz:
Former Starbucks CEO Howard Schultz rejects being labeled a "billionaire"
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Brand new security footage has just been released to the public showing the Active shooter Audrey Elizabeth Hale drove to Covenant Church School in her Honda Fit this morning, parked, and shot her way into the building
Social Media censoring users for saying the true
Smart Iranian fashion designer teaching dummy TV anchors lesson about reality
U.S. charges FTX's Bankman-Fried with paying $40 million bribe
Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
Regulators blame social media for SVB's rapid collapse: 'Complete game changer'
AOC explains why she opposes banning TikTok
Singapore’s Prime Minister says China and US need to stabilize relations because world can't afford a confict between the two superpowers
In a dramatic U-turn against His Government: Judicial Reform Legislation Must Be Halted, Says Israeli Defense Minister Yoav Gallant
Gordon Moore, a co-founder of Intel Corporation, died at 94
Powell: Silicon Valley Bank was an 'outlier'
Bordeaux town hall set on fire in France pro democracy protest
Police violence in Paris
Paris: Some of the police are stepping down and showing solidarity with the protesters.
Donald Trump arrested – Twitter goes wild with doctored pictures
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