Is development in Hong Kong in it's final stages?

After the Union Square, what is left?

I think Hong Kong will be all taken in five to ten more years, then will move on to probably some other city like Jakarta, or Manila, that haven't experienced anything like Hong Kong.

neh i don't think so, there are actually quite abit of land left in the eastern and western new territories. and also.. the government is/ have been planning to demolish the old 40+ year old flats in parts of kowloon for a very long time....due to the fact that there are people living in them and there are issues that needs to be settled.
it might take a long time to redevelop, but HK will still be goin on for 10+ years i would say.

Is development in Hong Kong in it's final stages?

After the Union Square, what is left?

I think Hong Kong will be all taken in five to ten more years, then will move on to probably some other city like Jakarta, or Manila, that haven't experienced anything like Hong Kong.

not really. :)

because there's still one huge piece of land (the fomer kai tak int'l airport) left for development. it'll include residential, commercial and recreation area (one stadium planned for 100000 people). there'll also be one pier terminal for cruises.

Excellent :sly:


That means there might be a chance in my introduction years to develop there.

Excellent :sly:


That means there might be a chance in my introduction years to develop there.

the piece of land i mentioned is the white empty area (the former airport and the runway) and the green reclaimed land to the east of hong kong.

http://www.hplb.gov.hk/eng/new/images/reclaim.jpg

wow victoria harbour is getting smaller by the year! in the 1970's it was so huge compared with now.

I wonder what will happen in 100 years...

no more Victoria Bay? :sly:

I wonder what will happen in 100 years...

no more Victoria Bay? :sly:

Victoria River or Victoria Canal???

I wonder what will happen in 100 years...

no more Victoria Bay? :sly:

All Islands connected by man made land?

Development will probably never permanently stop anywhere in the world. Look at NYC. The island of Manhattan hasn't really had any undeveloped land in a very long time, and yet development continues. Older smaller buildings get torn down and bigger fancier buildings take their place. 1 Bryant Park (Bank of America) is just one example out of many going on as we speak, in both NYC and HK.

Bionic tower (http://www.emporis.com/en/wm/bu/?id=103165)

wow victoria harbour is getting smaller by the year! in the 1970's it was so huge compared with now.

Victoria River? Strait of Victoria?? Looks about right to me.
I think the land reclamation is getting a little out of control..
One of the major assets of this city is their Harbour .

nah, it won't become a river. The reclamation are in the final stage now, and no more reclamation will be done afterward.

Victoria River? Strait of Victoria?? Looks about right to me.
I think the land reclamation is getting a little out of control..
One of the major assets of this city is their Harbour .

it won't happen anymore.

if you refer to the map showing the area to be reclaimed, you can see that the actual reclaimation has been greatly reduced after the recent revision. only the green area will be reclaimed as opposed to the yellow area.

but you'll definitely be amazed how much land has been obtained from reclaimation of the victoria harbor in the past like 20 years. it's really the time to hault further reclaimation.

reclamation has gone out of control in ma on shan and sha tin, the canal in the middle of sha tin was actully a much larger river in the 1960's! most of the riversides of reclamated to create the newtowns.

Canal? You mean open sewer...

the one in sha tin isnt a sewer ... (even though it does look like one!)

Wow heaps more coastal reclaims project to happen and already planned
But a side from that there is heaps of land left on the other islands correct ?
i belive that would more intresting due to the trasnport new wotk that would require to support growth there

the one in sha tin isnt a sewer ... (even though it does look like one!)

But now it's an ugly draining canal.

How Junk Bay used to be so much bigger. :\ Is there any part of Tseung Kwan O that isn't located on land reclaimed from Junk Bay?

Bionic tower (http://www.emporis.com/en/wm/bu/?id=103165)

We have enough penis look-a-likes but I guess 1 more wouldn't hurt. ;)

We have enough penis look-a-likes but I guess 1 more wouldn't hurt. ;)

IFC- II --- the largest Penis in the world.

There are some housing estates along the western hillsides and not on reclaimed land.

Hong Kong's economy will die if the real estate business stops, basically HK will have to keep on building and tearing down older buildings.

I heard that Bionic Tower now is going to be built in Shanghai, not in Hong Kong. Is it true?

I heard that Bionic Tower now is going to be built in Shanghai, not in Hong Kong. Is it true?
The Bionic Tower will not be built in either Shanghai or Hong Kong. It's still not technically feasible to transport people up and down such a tall structure.

Hong Kong's economy will die if the real estate business stops, basically HK will have to keep on building and tearing down older buildings.
The real estate sector is playing a smaller role in the HK economy. Today, services such as finance and tourism are much more lucrative, stable, and sustainable sectors.

I heard that Bionic Tower now is going to be built in Shanghai, not in Hong Kong. Is it true?

It was planned but I don't think it's happening.

The real estate sector is playing a smaller role in the HK economy. Today, services such as finance and tourism are much more lucrative, stable, and sustainable sectors.

True but HK still has one of the highest real estate in Asia.

Finance and Tourism play major roles for the city's economy but I think finance/banking plays a larger role.

True but HK still has one of the highest real estate in Asia.

Finance and Tourism play major roles for the city's economy but I think finance/banking plays a larger role.
Asia's most expensive real estate is in Tokyo, not Hong Kong. After the Asian financial crisis, there is a lot of anxiety over property speculation and having the economy based on this volatile resource.

Meanwhile, tourism is gaining a much larger share of the local economy with the opening of Disneyland and the influx of mainland tourists under the relaxed individual visit schemes.

Is development in Hong Kong in it's final stages?

After the Union Square, what is left?

I think Hong Kong will be all taken in five to ten more years, then will move on to probably some other city like Jakarta, or Manila, that haven't experienced anything like Hong Kong.
i think no
last 2 week i jz been hk
most of high rises building is gather in hk island n kawloon.
i think hk still got potential to built more building bcoz i still can c many empty land in new terristort (xin gai).

Asia's most expensive real estate is in Tokyo, not Hong Kong

Are you sure? I know Tokyo's the most expensive city, but I'm pretty sure most reports I've read stick Hong Kong up top for real estate - both residential and commercial.

Are you sure? I know Tokyo's the most expensive city, but I'm pretty sure most reports I've read stick Hong Kong up top for real estate - both residential and commercial.
Commercial occupancy and retail rent cost surveys have always ranked Tokyo above Hong Kong.

http://www.cbre.com/USA/Research/Market+Reports/Global+Market+Rents/

Tokyo also leads HK in industrial space costs :
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=ca3700004&Country=GLOBAL

From an older publication dating 2002, the Economist had a graphic showing the average price for a 2-bedroom flat. Tokyo's average price was over $800k. I doubt Hong Kong's number would be anywhere near that.

http://www.economist.com/images/20020330/CSF598.gif
http://www.economist.com/displaystory.cfm?story_id=1057057

Commercial occupancy and retail rent cost surveys have always ranked Tokyo above Hong Kong.

http://www.cbre.com/USA/Research/Market+Reports/Global+Market+Rents/

Tokyo also leads HK in industrial space costs :
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=ca3700004&Country=GLOBAL

From an older publication dating 2002, the Economist had a graphic showing the average price for a 2-bedroom flat. Tokyo's average price was over $800k. I doubt Hong Kong's number would be anywhere near that.

http://www.economist.com/images/20020330/CSF598.gif
http://www.economist.com/displaystory.cfm?story_id=1057057

The data was published in 2002 when HK property price was in the bottom. There has been a rebound of at least 50% since then.

The survey only shows the absolute price for a 2-bedroom flat but not the per square foot price which is a more "apple to apple" comparison.

It's strainge and unbelivable that HK's not in the top 4 if calculated on per square foot basis. And it's ridiculous that HK's not in the top 10 even when calculated by absolute price. It's doubtful if the price shown in the list is the 'AVERAGE" price for the whole city. It looks like the price is for those near the centre of the city. I just doubt the accuracy of the Economist survey.

Now, a new 2-bedroom flat (smaller than 700 square foot) in HK near city centre (including Kowloon & HK Island) would cost around US$ 400k to 500k, which is approximately US$ 650 per square foot (a conservative figure). I figure the average per square foot price of a HK flat would be confidently placed in the top 4.

^ What he said.

HK's property market was at rock bottom in 2002 so it's not a fair comparision ; stats I've seen (unfortunately I can't pull them up - I'll try later), from 2004 stick Hong Kong, New York and London as the top 3 for property.

Victoria Creek more like!
God Gracious what are they doing!!?!?!

I've been several times in HK with everytime a few years between it, and everytime i'm amazed by how much they manage to build. When I stand at the end of the harbour I can point out new buildings each and every time. Somewhere this year i'll visit HK again and i'm sure this won't change. HK got so much space they can build as well poorer regions they can improve so the construction companies still got plenty of time. Also don't forget the imense draft behind HK, shenzhen draws a lot of people from HK as it is placed as a bridge towards the west. This will make sure there is solid ammount of people actually moving from China to HK.

Also don't forget the imense draft behind HK, shenzhen draws a lot of people from HK as it is placed as a bridge towards the west. This will make sure there is solid ammount of people actually moving from China to HK.

Although, Hong Kong is part of PRC, but this statement is not true. Moving from Mainland China to Hong Kong is like moving from one country to another. You need to get an approval from both governments and then emmigrate out of China immigrating to Hong Kong. There are a lot of paperwork in between during the process.

There is a quota of 150 people per day moving to Hong Kong from mainland under family reunion and numbers of others. But it is really not much.

Moving from Hong Kong into China is easier. Actually a lot of Hong Kongers have a house in China, but not many people are residing there since most people are still working in Hong Kong. Those houses are more vacation or retiree's houses.

The new bridge on western NT connecting west Shenzhen are more logistic decision since Lok Ma Chau and Lo Wu has reached their capacity for years and the other two boarder crossings are far from where developments are.

Hong Kong has put in investor requirements for mainlanders to get residency status locally, so there is quite a considerable amount of paperwork and red tape to go through. The border is easily traversable for Hong Kongers but it remains a huge wall for mainlanders.

HK$6.5 million investment is a huge number, a lot of 1st world foreign countries have a lower requirement than that. I guess if you are Chinese, want to keep the Chinese citizenship and still have that 1st world country freedom of travel, it may still be worthy.

I don't have the actual numbers on hand, but I do think this programme isn't doing that well.

The limit will be demand not space.For the near future, not an issue at all. In the long run who knows.

^^ I agree

Anyway, I think Hong Kong is constantly trying to redevelop aging urban areas, right now West Hong Kong and Parts of Kowloon (ShamShuiPo comes to mind).

IMO, HK has one of the better planned urban redevelopment systems (anyone can advise on this?)

A very interesting thread...

I recall an article from Time Magazine that said that Victoria Bay is now 950m (or so) from Central to Tsim Sha Tsui, it used to be 2.2 km.

HK still has a lot of room for growth...the old Kai Tak runway and infill, development of Kowloon Tong and shift of industry over to the port area, new development in the northwest region of the new territories and on Lantau Island...there is even space for small scale development on Lamma Island too.

But we may have to think that after some point, the additional "new" development would shift to Shenzhen and the hinterlands...

Cheers, m

Yes, there are quite a number of major redevelopment projects happening :

West Kowloon Cultural District
http://www.skyscrapercity.com/showthread.php?t=222600

Victoria Harbour Reclamation
http://www.skyscrapercity.com/showthread.php?t=198002

Kwun Tong
http://www.skyscrapercity.com/showthread.php?t=468277

Kai Tak Airport
http://www.skyscrapercity.com/showthread.php?t=273222

And there are still many areas are in the list of redevelopment project, like Western HK and Sham Shui Po; and by then there will have more aging districts need to be redeveloped.