Policy Address

Kowloon East

119.         As a new business district, Kowloon East has great development potential and can supply an additional commercial or office floor area of about 5 million square metres.  The commercial floor area that can be provided by the two action areas in Kwun Tong and Kowloon Bay will increase from 500 000 or so square metres to about 560 000 square metres.  Two pieces of government land in the Kowloon Bay Action Area, sold last year, will provide over 120 000 square metres of commercial floor area.  The Government is considering the relocation of the existing government facilities in the Kowloon Bay Action Area and will commence a study on the Kwun Tong Action Area shortly.  Development of the Kowloon Bay Action Area will include projects for commercial and office uses.  The development plan will adopt the concepts of sustainable development and “smart city” in respect of information dissemination, traffic management, architectural design and facility management, refuse collection and treatment, as well as greening.

120.         The Government will implement new policies for Kowloon East, including a pilot scheme of waiving the land premium for lease modification to encourage landowners to construct footbridges or subways at their own cost in accordance with the planned pedestrian network, with a view to providing a safe, comfortable and convenient network which separates pedestrians from vehicles.  This will help turn Kowloon East into a quality business district.

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