Supplying More Commercial Land and Facilities

83.         The Government will address the shortage of commercial land supply in a holistic, innovative and decisive manner. I have asked the bureaux concerned, including the DEVB, the Financial Services and the Treasury Bureau and the THB, to take forward and co-ordinate the following initiatives: to convert government office buildings and GIC sites in Central and Wan Chai to commercial use, and to accelerate the development of the North Commercial District on Chek Lap Kok Airport Island.

Energising Kowloon East

84.         Kowloon East, as another core business district of Hong Kong, has the potential to supply an additional office floor area of 4 million square metres. To expedite the plan, we are considering relocating the existing government facilities in the two action areas of Kowloon East. It is expected that these two action areas will be able to provide about 500 000 square metres of floor area in total.

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