Set for take-off
About 16,000 private housing units have been planned for Kai Tak. The first batch of land, enough for 4,000 flats, will be released from next year onwards. Kai Tak will have a lower density, featuring a design mix of medium towers and low-rise blocks with courtyards instead of skyscrapers.
Six new projects, totalling 250 units, in Kowloon East could be put on the market this year. The largest is likely to be a 79-unit project at 12-18 Hau Wong Road by Sino Land.
A world-class cruise terminal, designed by Lord Foster, is being built at the southern tip of the former Kai Tak runway. It will be able to accommodate the largest cruise vessels in the world. The first of its two berths is expected to be operational in mid-2013. The Worldwide Cruise Terminals Consortium, led by Shun Tak, has been awarded the rights to operate and manage the terminal.