The housing supply could see a possible increase of 28% at the new Kai Tak development area.
According to a research note from Kim Eng, Following the latest review of the 320-hectare site in East Kowloon, the government suggested increasing the total number of flats by 28% to 49,900 to house 134,000 residents.
This is compared to a population of 105,000 in the original plan approved in 2007. This will be achieved by rezoning four sites – including three earmarked for hotels – for housing, as well as increasing the plot ratio for 15 out of 29 sites by up to 44% from 4.5 to 5 times to 6.5 times.
HK Gov’t mulls over 28% housing supply at new Kai Tak site