'Kai Tak Temporary Flats May Add To Transport Woes'

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

Related News Programmes

"); });

2023-01-31 HKT 16:23

Share this story

facebook

  • 'Kai Tak temporary flats may add to transport woes'

The head of the Real Estate Developers Association (REDA), Stewart Leung, on Tuesday expressed concern about a traffic overload in Kai Tak, following the building of light public housing there.

The government plans to build 10,700 temporary flats on Olympic Avenue, near the Kai Tak MTR station.

Speaking to reporters after attending a regular REDA meeting, Leung said developers generally welcome the idea of building short-term housing because there’s a high demand for them in society.

But he's worried that the Kai Tai station may be overloaded, as there are also several other private developments on the former runway that are almost complete.

"So our only worry is transport - whether it will jam up the entire Kai Tak district. The government has told us that they have some solution to a degree," Leung said.

"In this aspect, we think as the government has made this promise, especially that the government has the need for temporary housing, it's impossible for us to oppose this."

The Kai Tak site is one of eight plots earmarked to build some 30,000 light public flats. The government is to seek HK$26.4 billion in funding from the legislature in phases.

In papers submitted to the Legislative Council, the Housing Bureau said the total sum is HK$950 million less than initially planned due to improvements in construction methods, as well as dropping air conditioners and one exhaust fan from each unit.

RECENT NEWS

Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity

Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more

BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom

BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more

Webinar: When Account Takeover Moves Past Onboarding

Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more

JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson

JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more

Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term

The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more

Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal

Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more