Page 46 - URA Annual Report 2021-22

OPERATING REVIEW
Kwun Tong Town Centre Project (K7)
As the URA’s largest single project to date, the Kwun Tong Town Centre covers a total site area of 5.3 hectares, involving around 1,300 households prior to redevelopment. The project is being implemented in phases, with the site divided into five Development Areas (DAs). All the flats were sold in 2021/22 for DA 1 at Yuet Wah Street, while those for DAs 2 & 3 are being sold. The Yue Man Square Public Transport Interchange in the development commenced operation in April 2021. It is well-connected with major streets of the area and equipped with multiple innovative and smart features such as Hong Kong’s first indoor air-conditioned bus waiting area that separates passengers from vehicular traffic.
Following the completion of Development Areas 2 & 3 of Kwun Tong Town Centre Project, Yue Man Square (right) and its Public Transport Interchange commenced operation in April 2021, featuring Hong Kong’s first indoor air-conditioned bus waiting facilities (left).
Meanwhile, demolition works at DAs 4 & 5 were completed. To enhance the ability to cope with uncertainties brought by the unpredictable pandemic and the market changes, the URA initiated a pilot arrangement of floating planning parameters in pursuing the joint venture (JV) development tender of DAs 4 & 5. The pilot arrangement would provide the
JV developer with flexibility to determine the actual Gross Floor Area (GFA) within specified ranges for office, hotel and other commercial uses for the commercial portion on the condition that the total GFA would remain unchanged. A Section 16 application was submitted to the TPB for consideration. It is targeted to award the JV tender in 2022/23.
The progress of Kwun Tong Town Centre Project
Development Area 1: completed Development Areas 2 and 3: residential site, Yue Man Square and Public Transport Interchange completed
Development Areas 4 and 5: demolition works completed
Nga Tsin Wai Village Project (K1)
Development Area 1
Development Areas 4 and 5
Development Areas 2 and 3
A conservation-led development approach was adopted for the project, taking into account the foundation remains of old village walls and watchtowers at some excavated locations. To update and ascertain the findings on heritage significance and areas for preservation and future rescue excavation, further excavation and field investigation works were conducted between 2019 and 2021. An enhanced conservation proposal was submitted to the Antiquities and Monuments Office in February 2022. The URA will work with the JV developer and relevant Government departments to take forward the project including obtaining land grant approval.
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