Hong Kong’s Kai Tak Runway Private Development Company Limited has unveiled Park Peninsula, a new mixed-used development located on the waterfront area of the former Kai Tak Airport runway.
The project is part of the company’s effort to transform Kowloon East into Hong Kong’s second central business district (CBD), in line with the government’s goal of ‘Energizing Kowloon East’.
Kai Tak Runway is a non-profit private company formed by nine property developers, namely Chinachem Group, China Overseas, Empire Group Holdings, Far East Consortium, Henderson Land, K. Wah Group, New World Development, Sun Hung Kai Properties and Wheelock Properties.
‘Floating on Victoria Harbour’
With approximately 450,000 sq m of green and leisure areas – including Metro Park, Kai Tak Sky Garden, Kai Tak Cruise Terminal Park, Kai Tak Runway Park, Kai Tak Sports Park, to name a few – Park Peninsula will be Hong Kong’s largest green area, which is 2.3 times larger than Victoria Park, according to Kai Tak Runway.
Closely located to the approximately 2.4-km-long Kai Tak River, the development will feature an approximately 11-km-long waterfront promenade and approximately 13-km-long shared-use path for pedestrians and cyclists bridging the Kwun Tong Typhoon Shelter and the adjoining areas for the public.
With a world-class waterfront, adjoined by three shore-lines, Park Peninsula “further reinforces the unique setting of the only green area floating on the Victoria Harbour,” said the developer.
Park Peninsula is situated next to the Kai Tak Water Sports Centre. With over 5.75 mil sq ft of commercial gross floor area in Park Peninsula, and adding the adjoining commercial area neighbouring Kai Tak MTR Station, the entire area features the longest ‘underground shopping street’, the biggest retail complex ‘SOGO in Twin Towers’ and the largest outdoor multi-purpose Kai Tak Sports Park.
Besides the major shopping malls in Kai Tak City Centre, the ‘Waterfront Promenade on the Runway’ will also provide various leisure, dining and retail shops. The Kai Tak Cruise Terminal and commercial area adjacent to Park Peninsula helps drive Hong Kong’s economic development by providing job opportunities and hosting an array of world-class entertainment events.
Furthermore, Park Peninsula will be equipped with a ‘multi-modal’ environment-friendly linkage system extending in all directions, providing elevated walkways with travellators, cross-harbour pedestrian and cyclist bridge to connect the development and the two core hubs of Kwun Tong and Kowloon Bay, with the additional support of networks of buses, minibuses and other transportation facilities.
Runway Park Pier is also planned to become the pick-up and drop-off point for water taxis connecting Central, West Kowloon, East Tsim Sha Tsui, Hung Hom and Kai Tak, offering convenient, fast and direct transportation services.
Image: Kai Tak Runway Private Development Company Limited