Propaganda added to the hotel area than the commercial floor

In order to increase the supply of housing, the Government has recently reviewed and revised the outline of the Kai Tak. Of the three runway areas, the hotel land will be vacated for residential use. It is also proposed to increase the density of land development. The commercial floor area is expected to increase by 17%.

Last year, the Planning Department introduced an amendment to the multi-site land in Kai Tak and focused on the runway residential and hotel sites. Originally, the runway area originally consisted of 12 rows of land between two rows of houses, each of which comprised six hotels and eight residential buildings and eight residential buildings. Accounting for four. Some of the open space will be zoned for residential development. The average plot ratio is also recommended to be relaxed to 6.5 times.

Part of the hotel to remodel residential surplus 3

However, during the review period, the Authority decided to convert the site of Lot 4C, Area 3 originally reserved for hotel use, into residential development. That is, the allocation of land for the runway area would be further changed to 11 residential buildings, 6 more than originally planned By 8%, the hotel site is the remaining three.

Two of the hotel and commercial areas (Area 4C, Nos. 4 and 5) have been included in this year’s list of land sales, with a total floor area of ​​about 960,000 square feet and a valuation of about $ 7.8 billion to $ 9.6 billion.

However, for Area 4B, which was originally assigned to residential land, No. 5 (pictured above), the area for residential use of low-density residential buildings was included in the hotel and commercial land. The proposed plot ratio for land use increased from 3 to 6.3 times.

With the increase in residential area, the proposed average plot ratio of residential land in the area has been reduced to 6 times accordingly. It is estimated that nearly 10,000 supply will be provided. In the meantime, in response to the decrease in the number of hotel sites and the supply of hotels in the district, the area ratio of hotel premises was also raised to 6 times to 7.5 times, respectively. It is estimated that the overall commercial floor area will increase by about 17% From nearly 21 million square feet to over 24.5 million square feet, bringing the employed population from 79,000 to 99,000.