Residents Divided On Kowloon City Revamp
"); jQuery("#212 h3").html("

"); });
2022-05-27 HKT 17:36
Some residents on Friday expressed sorrow that the Kowloon City they’ve known for years will disappear under a redevelopment plan, while others said it's high time that the district gets a major facelift.
The Urban Renewal Authority earlier unveiled a plan that will see the Kowloon City wet market relocated, and some of its surrounding areas demolished to make way for more than 4,000 new flats over the next 15 years.
A woman surnamed Lee said she goes to the market every other day and will be unhappy to see it go.
"I've got used to coming here. There are a lot of people who work here whom I am very close to," she told RTHK.
But a customer surnamed Ho said he feels positive about the redevelopment.
"I guess the new facilities should at least be cleaner and tidier than the old facilities," he said.
Another customer, surnamed Tsoi, said the government needs to strike a balance between renewing the neighbourhood and retaining its distinct character, noting the many Thai restaurants and shops in the area.
"The stores and the market is actually one of the attraction points in Kowloon City. Some people really enjoy shopping around here for the specialty food," he said.
Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows
Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more
Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut
Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more
TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong
TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more
Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign
Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more
Aspire Secures SFC License In Hong Kong To Launch SME Yield Product
Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more
Why Stablecoins May Become The Backbone Of 24/7 Global Trade
Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more
