Kai Tak Area 2A has advantages and is confident to approve

In 2019, three commercial tenders in Kowloon East Kai Tak were closed

Only one was successfully approved, but this did not affect the government’s determination to launch commercial plots in the area. The Secretary for Development, Mr Wong Wai Lun, announced that a tender for a large-scale commercial site adjacent to Songhuangtai Station of the MTR (00066) Sand Central Line will be launched from January to March 2020 (the current quarter). The valuation of land is up to 9.34 billion yuan.

The aforementioned commercial site belongs to the 4th, 5B, and 10th (Area 2A) sites of Area 2A, Kai Tak, Kowloon East [map], and consists of 3 sites. The total area is approximately 169,000 square feet and the total floor area is approximately 1.098 million square feet.

Floor price is estimated to reach 8,500 yuan

The Cheng Kai Road commercial land adjacent to the Kai Tak Sports Park in 2019 was purchased by Far East Development (00035) for about 2.446 billion yuan, and the floor price per square foot (hereinafter referred to as the floor price) was 7,100 yuan;

The commercial land near the sea at the end of the zone is a beacon

Huang Weilun pointed out that the project in Area 2A is close to Songhuangtai Station, which is closer to the commercial site of Chengde Road in Kai Tak, which was sold in August 2019. It is believed that “transportation and traffic conditions should be better than those on the runway.” Successfully awarded “quite confident”.

In fact, the project in Area 2A belongs to the first commercial land in Kaide District that must provide the floor space of social welfare facilities, involving about 117,000 square feet of social welfare facilities. For the use of welfare facilities for the elderly and children, Huang Weilun pointed out that social welfare facilities The floor area is also the reason why the government tried to launch a tender for the site, hoping to speed up the increase of social welfare facilities.

Surveyors estimate that the total land price of the project in Area 2A is about 7.69 billion to 9.34 billion yuan, and the floor price is about 7000 to 8500 yuan.


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