'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

XTransfer Partners With Bank SinoPac HK To Expand Cross-Border Payment Services

XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international ope... Read more

Standard Chartered To Launch Bitcoin And Ethereum Custody Services By 2026

Standard Chartered Bank (Hong Kong) participated in Hong Kong Fintech Week 2025 (HKFTW25) as a strategic partner, annou... Read more

HashKey And Kraken Form Partnership On Institutional Tokenised Assets

HashKey and Kraken have announced a strategic partnership to promote institutional adoption of tokenised assets. The co... Read more

Reap Expands Global HQ With New Office In Hong Kong

Reap, a global fintech company providing stablecoin-enabled financial infrastructure, has expanded its global headquart... Read more

HeyMax Debuts In Hong Kong, Partnering With Cathay To Drive Regional Growth

Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cath... Read more