Living the ongoing cycle of urban development

LIVING THE ONGOING CYCLE OF URBAN DEVELOPMENT

Our mission at KONE is to improve the flow of urban life. To capture the essence of urbanization, we bring you stories of people from 17 cities. Born and raised in Hong Kong, Lee Ming Hong feels a bond with the city like no other.

“I’ve lived in Hong Kong for over 30 years and it’s my one and true hometown. The city has been very well developed since I was born in the 1980’s but in fact Hong Kong still keeps on changing.

During the past decade we've been witnessing an ongoing cycle of urban development and redevelopment. Old buildings have been replaced with high rises in many locations. A growing number of subway lines have been, and are being developed, enhancing access throughout the city.

The economic and cultural changes in mainland China are also affecting people’s daily life. To improve the transportation between Hong Kong and mainland China, a number of large scale infrastructure initiatives have been launched. A new express rail between Shenzhen and Hong Kong will connect with the national railway network of China. In addition, the Hong Kong – Zhuhai – Macao bridge connects Hong Kong with Macao and finally to Zhuhai port in China. Since the reversion of Hong Kong to China, the arrival of mainlanders from China both as tourists and immigrants has also impacted the city in many ways. We have seen a rise in income in retail and tourism, which is in turn driving our economic growth. On the other hand, the city is getting more crowded. Overall, fixing the housing problem remains a top priority in Hong Kong. A recent research reported that for a young couple in Hong Kong it takes at least 14 years to save up for a down payment of a 400 sq ft flat.”

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