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New World Development's Investment of Over HK$4.7 Billion Draws Attention!
Apr 7, 2024
New World Development's Investment of Over HK$4.7 Billion Draws Attention! Hong Kong
By   Internet
  • City News
  • Hong Kong Property Market
  • Property Planning
  • Hong Kong Real Estate Market
Abstract: New World Development's investment of over HK$4.7 billion to construct a high-rise skyscraper on the Wash Street site in Mong Kok holds significant importance for the economic and social development of the Mong Kok area. Despite some opposing views and concerns, the overwhelming support and anticipation from the majority of the public indicate the positive impact and potential of this development plan.

New World Development plans to invest over HK$4.7 billion in constructing a skyscraper reaching up to 53 floors on the Wash Street site in Mong Kok. The project, named "Green Heart," aims to bring green and sustainable development to the community. The skyscraper will provide approximately 1.52 million square feet of commercial space and is expected to be completed by 2030. This ambitious plan has garnered attention as it will become a landmark building in the Mong Kok area, bringing new economic and social development opportunities to the community.


New World Development has submitted the development plan for the project and solicited opinions from the Town Planning Board and the public. During the public consultation phase, a total of 299 feedback responses were received, with only 4 expressing opposition. The opposing views mainly came from residents of Cheung Ming House, who are concerned that the newly built sky bridge may lead to illegal occupation, overcrowding, and sanitation issues, thereby affecting the quality of life for residents and the operation of nearby businesses. Additionally, owners of Prince Building also expressed concerns about potential increased traffic pressure. These opposing views reflect the concerns of community residents about the potential negative impacts of the new project, especially in terms of traffic and living environment.


New World Development's Investment of Over HK$4.7 Billion Draws Attention!

Internet


However, the vast majority of opinions support the project, believing that the skyscraper will bring much-needed community welfare facilities to the area, such as community halls, youth centers, and elderly centers. Additionally, the project plans to protect several precious banyan trees and create a green space called "Banyan Square" to provide a pleasant recreational area for community residents. These supportive opinions reflect the public's expectations for improving community facilities and the environment, as well as recognition of the positive impact of the project.


Regarding opposing views and concerns, the project proponent and the Town Planning Board will need to carefully consider and take measures to address them. For example, further planning and improvements to the sky bridge design can be made to reduce issues such as illegal occupation, overcrowding, and sanitation problems. Concerns about traffic pressure can be alleviated through reasonable traffic management measures and infrastructure development, ensuring that the new skyscraper does not exacerbate traffic congestion in the surrounding area.


Furthermore, suggestions from citizens should also be given attention, especially those regarding increasing green spaces and public facilities. In project planning, consideration can be given to adding more open spaces suitable for pets and recreational activities for residents, as well as providing more convenient facilities to promote sustainable development of the community and improve residents' quality of life.

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New World Development's Investment of Over HK$4.7 Billion Draws Attention!
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