Existing Commercial projects include
International Commerce Centre, a skyscraper which is part of the
Union Square project. Residential projects which have been realised in the sector include
The Waterfront (
2000),
Sorrento (
2003),
The Harbourside (
2003), and
The Arch (
2005), and
The Cullinan (
2008, the tallest residential building in Hong Kong). The above all sit atop
Kowloon MTR station, a station on the
Tung Chung line and
Airport Express line. The shopping-mall
Elements started operating on 1 October 2007.
Plots auctioned In August 2005, two neighbouring sites near Central Park and Park Avenue were triggered for auction, and were subsequently acquired by a joint venture of
Sino Land,
Chinese Estates Holdings and
Nan Fung Development. In May 2007, a site bounded by Hoi Wang Road, Yan Cheung Road and Yau Cheung Road was won by a consortium comprising Sino Land, Chinese Estates Holdings, K Wah International and Nan Fung Development, for a bid of HK$4 billion. Following the successful auction of the site, some legislators called for a law to stop developers from constructing tall buildings which maximise good views at the expense of air flow in densely populated areas, but the bid failed. == References ==