After the removal of the Hong Kong International Airport to Chep Lap Kok, the Kai Tak area will be developed as the "Heritage, Green, Sports and Tourism Hub of Hong Kong".

It has an area of about 323 hectares.

The Kai Tak Development will create a new urban node in East Kowloon. It will be supported by a belt of commercial and office developments, clusters of residential neighourhoods, a variety of government, institution and community facilities, a multi-purpose Stadium Complex and a Metro Park fronting Victoria Harbour. A cruise terminal and a tourism node will also be developed at the end of the former runway.