Kowloon Bay site to embrace mixed-use development following shift in urban planning strategy

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17th May 2024 – (Hong Kong) The Kowloonbay International Trade & Exhibition Centre (KITEC), set to cease operations by the end of June this year, is now poised for a transformative redevelopment. The consortium led by Billion Development and Project Management Ltd and CSI Properties, who acquired the site three years ago for HK$10 billion, has submitted a new proposal to the Town Planning Board aiming to integrate residential, commercial, and industrial exhibition spaces into the development.

Previously approved in March 2023, the plan was to erect three commercial towers, ranging from 24 to 26 floors, with a total floor area of approximately 1,774,715 square feet. This included around 121,473 square feet designated for industrial exhibition space.

The revised proposal, however, seeks a more diverse utility, blending residential units with commercial outlets and public service facilities, including schools. This new mixed-use development approach adjusts the building height restrictions slightly and proposes a plot ratio of approximately 6.144, offering a total gross floor area of about 1,473,490 square feet. Residential spaces are set to dominate the plan, constituting about 62.7% of the total area or roughly 924,290 square feet spread across six residential towers, each between 36 to 39 stories high, and featuring two basement levels.

Commercial spaces are significantly reduced in the new scheme, with office spaces now covering about 292,033 square feet—a sharp decrease from earlier plans. The retail and dining sectors also see a reduction, now occupying 95,209 square feet. Despite these cutbacks, the area allocated for the industrial exhibition hall remains constant at approximately 121,474 square feet.

The project also includes plans for a 29-story office tower and a six-story mixed-use building, which will house a day-care centre for the elderly, a nursing home, and pre-school social work services. Approximately 858 parking spaces are also included in the design.

According to the submission documents, the applicants believe that the site’s previous function as an international industrial exhibition and commercial hub warrants re-evaluation, especially given its strategic location between the Kai Tak and Kowloon Bay business districts. The proposed development aims to align with the broader vision for the Kai Tak development area, which is envisioned as a vibrant and characterful waterfront community centred around the well-being of its residents.