Govt Seeks HK$2.3 Billion To Build New Offices

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2018-02-27 HKT 15:27

Share this story

facebook

  • The new government building will sit on a 26,500 square-metre site at the junction of Tonkin Street West and Tung Chau Street. Photo: Courtesy of the Architectural Services Dept.

    The new government building will sit on a 26,500 square-metre site at the junction of Tonkin Street West and Tung Chau Street. Photo: Courtesy of the Architectural Services Dept.

The government has submitted a HK$2.3 billion request to the Legislative Council to build an office complex in Cheung Sha Wan, to shift employees from the Wan Chai government offices.

In a paper submitted to the Financial Services panel, officials said the new structure – named 'Treasury Building' – will sit on a 26,500 square-metre site at the junction of Tonkin Street West and Tung Chau Street.

It will accommodate offices now located in the three buildings on the Wan Chai waterfront, Revenue Tower, Immigration Tower and Wan Chai Tower.

It will also house a general outpatient clinic, a nursery and an elderly day-care centre, along with around 10,000 staff from the judiciary and dozens of government units.

If Legco's Finance Committee approves the funding, construction could begin in the third quarter of this year and be completed in 2022.

In her maiden policy address last October, Chief Executive Carrie Lam announced plans to tear down the three government buildings in Wan Chai to develop additional convention and exhibition facilities, as well as hotel and Grade A office space.

RECENT NEWS

HSBC And Standard Chartered Venture Reportedly Among First For Hong Kong Stablecoin Licenses

People familiar with the matter say HSBC and a joint venture led by Standard Chartered will likely be among the first f... Read more

Hong Kong Taxi E-Payment Adoption Surges, Hits 90% Ahead Of April 2026 Mandate

The taxi industry is moving decisively toward digital payments as the mandatory Hong Kong taxi e-payment requirement, s... Read more

SUNRATE Renames China Payment Unit Following Regulatory Approval

SUNRATE has changed the name of its China-licensed entity from Transfar Pay to SUNRATE Pay following following regulato... Read more

Bithumb Could Face Six-Month Business Suspension Over AML Breaches

Financial authorities plan to impose significant sanctions on virtual asset exchange Bithumb for breaching anti-money l... Read more

HSBC Hong Kong Enables Digital Consolidation Of Multiple Passbooks

HSBC Hong Kong has introduced a new Passbook Consolidation feature on the HSBC HK App, allowing customers to view and m... Read more

PAObank Launches Flexible Wealth Service For Retail Customers

PAObank has launched a new wealth service, offering a dual-advantage solution that allows customers to switch between i... Read more