MTR Transformation of CBDs in Hong Kong

Transcription

1 MTR Transformation of CBDs in Hong Kong Thomas Ho Property Director, MTR Corporation 17 September 2011 港鐵公司 19/09/2011 Page 1

2 How MTR Helps to Transform the CBDs? 2

3 Evolution of Hong Kong s CBDs 1970 Today

4 CBDs Built Upon MTR Network Existing MTR lines & stations CBDs 4

5 MTR as a Catalyst for Change Quick access to CBDs Highly reliable service Affordable transportation costs Upgrading of CBDs functions Potential for business development at secondary locations in the MTR network 5

6 CBDs Expansion & Formation of Satellite Hubs Expansion of CBDs driven by economic development, market forces and Government policies Some business functions leave the CBDs but satellite office hubs still rely on the CBDs to survive MTR provides the critical link between the CBDs and the satellite hubs to form a new urban structure Satellite Hubs CBDs 6

7 Forecast up to 2015: million m 2 (Internal Floor Area) Formation of Satellite Hubs Along MTR Lines 8% Tsim Sha Tsui Kowloon East 36% 5% Source : CBRE 21% Central / Sheung Wan 9% North Point / Quarry Bay Wan Chai / Causeway Bay 21% Other 21% Areas 7

8 Future of our Satellite Hubs 8

9 New Railway Lines Express Rail Link (Scheduled Completion: 2015) Shatin-to-Central Link (Scheduled Completion: ) West Island Line (Scheduled Completion: 2014) Kwun Tong Line Extension (Scheduled Completion: 2015) South Island Line (East) (Scheduled Completion: 2015) 9

10 New Railway Lines Potential new satellite hubs? Express Rail Link (Scheduled Completion: 2015) Shatin-to-Central Link (Scheduled Completion: ) West Island Line (Scheduled Completion: 2014) Kwun Tong Line Extension (Scheduled Completion: 2015) South Island Line (East) (Scheduled Completion: 2015) 10

11 Express Rail Link West Kowloon Express Rail Link Transport hub of 3 railway lines and 3 minutes to Central CBD ICC as a magnet with critical mass of over 0.5 million m 2 Specialised trades related to finance, China trade and cultural / creative industries Quality of offices above XRL terminus critical to success West Kowloon 11

12 South Island Line (East) Wong Chuk Hang 10 minutes to Admiralty Catalysts by Government area improvements; pedestrian connections Incentives for development as a construction professional office hub? Wong Chuk Hang South Island Line (East) 12

13 Shatin-to-Central Link Kai Tak Opportunities: - 20 mins to Admiralty Constraints: - Segregated from surrounding activity centres by major roads Catalyst: - More government offices to bring in other office developments? Prince Edward Road East Kwun Tong Bypass Shatin-to-Central Link Kai Tak 13

14 New MTR Network & Future Satellite Hubs Existing MTR lines & stations New MTR lines & stations CBDs Satellite hubs 14

15 Growth of CBD - Rail + Property Projects as Key Drivers 15

16 Developments at Hong Kong & Kowloon Stations Deliver top quality integrated commercial complexes with railway access Custom-designed for the needs of the financial community today and tomorrow Kowloon Station Hong Kong Station 16

17 Hong Kong Station: Reshaping Central CBD Victoria Harbour Hong Kong Station Central CBD core 17

18 Specially Designed For Top-end Financial Use Intelligent office infrastructure to support round-theclock businesses in a Global CBD : Outstanding modern architectural design High-speed lifts & rectilinear trading floor plates Dedicated uninterruptible power supply & chillers Raised floors & 100% computer backup 18

19 Comprehensive Planning ICC 2 Office Towers 254,000 m 2 60,000 m 2 of Retail & Entertainment Facilities 13,000 m 2 of Landscape Garden 1000-room Four Seasons Hotel MTR Station Airport Express Transport Hub 19

20 Seamless Integration with Railway Office Tower In town Check-in Facilities Retail Railway station Carpark 20

21 Kowloon Station: Extension of Central CBD Airport Railway extends the Central CBD to Kowloon Station International Commercial Centre (ICC) - 3 minutes from Central with attractive super-quality 118-storey landmark building N 3 mins Tsim Sha Tsui CBD Central CBD Office GFA: 231,000m 2 21

22 A CBD Bridgehead 22

23 Comprehensive Planning ICC Hotel Elements Office Retail Railway Station In town Check-in Facilities 23

24 Seamless Integration with Railway Source: Allenby (2010), Elements: The Heart of the City, ORO editions. 24

25 Lessons Learnt Critical Success Factors 25

26 MTR only a Catalyst MTR connectivity essential but not the only ingredient Establishing a CBD needs clear vision & philosophy Cheung Sha Wan Chai Wan What is missing? 26

27 Critical Success Factors Mastermind with a vision Specially tailor-made building design to meet vision Comprehensive planning with complementary functions Place-making Seamless connectivity to MTR 27

28 Critical Success Factors Public-private Joint Efforts Tsim Sha Tsui isquare Causeway Bay Times Square Island East Pedestrian Links Area Improvements 28

29 Concluding Remarks New MTR lines provide critical linkages externally with Mainland China and internally between CBDs and new satellite hubs CBD s role further strengthened by being upgraded and specialised as an international financial centre Government initiatives and private sector investments together can create a metropolis formed by a financial CBD nucleus and special-purpose satellite hubs along new railway lines 29

30 caring for life s journeys 30