(Budget 2017-18) 1.1m square meters of commercial space to be released

Local | 22 Feb 2017 1:17 pm

The supply of commercial floor area will be increased, Paul Chan said. Apart from 560,000 square meters of commercial/office floor area to be released through reprovisioning the existing government facilities in the two action areas in Kwun Tong and Kowloon Bay, a number of large commercial sites will be made available to the market in the next few years, he added. These include the Queensway Plaza site, the site on top of the terminus of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (Hong Kong section), Site 3 of the new Central Harbourfront, the Caroline Hill Road site, the Sai Yee Street site and various sites in Kai Tak, capable of providing a total of about 1.1 million square meters of floor area.

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