Hong Kong’s River Trade Terminal could be redeveloped into housing

Hong Kong’s River Trade Terminal could be redeveloped into housing

Hong Kong – home to the most expensive property on Earth – is looking at turning a failed container terminal into housing.

The 20-year-old River Trade Terminal (RTT), located on the western boundary of the former British colony, has never taken off. Statistics for last year show that the terminal, which handles transhipment boxes from barges, was operating at just 24% of its capacity. The RTT accounts for just 3% of Hong Kong’s overall boxport capacity.

A government advisory panel has now given the go ahead for the 65 ha site to be redeveloped into 22,000 flats so long as a neighbouring bay undergoes land reclamation.

The terminal is owned by two of the city’s largest property-related conglomerates, Hutchison and Sun Hung Kai.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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