Hong Kong Island is one of the three major regions of the Hong Kong Special Administrative Region. It covers an area of about 80 square kilometers, accounting for about 7% of the total area of Hong Kong. The population density is 15,600 per square kilometer. Financial and commercial centers, the Government Headquarters, the Legislative Council Complex, the Court of Final Appeal and Government House are all located on Hong Kong Island, while major economic development and activities are concentrated in the coastal areas of Victoria Harbour.
The Mid-levels and Peaks of Hong Kong Island are traditional luxury residential areas, while Admiralty and Central are the core business districts of Hong Kong. The districts are clustered with Grade-A and Super-A commercial buildings, marking Hong Kong’s detached status as an international financial center. Many local and large-scale multinational corporations from China and foreign countries like to settle here. As for the Quarry Bay area, it is another important commercial area on Hong Kong Island. With the reconstruction of Taikoo Place, the quality of commercial buildings and supporting facilities in the area has been greatly improved, attracting many small and medium-sized enterprises. As for Grade B and Grade C commercial buildings, they are mainly concentrated in Sheung Wan, Wan Chai and Causeway Bay. The commercial buildings with a variety of different types and grades is available for users to choose from.
Causeway Bay on Hong Kong Island is a traditional tourist and shopping area. It is very popular among local consumers and foreign tourists. The shops in the area are very valuable, and the first-tier streets such as Russell Street and Percival Street once topped the world in rent.
As for industrial buildings, they are concentrated in traditional industrial areas such as Chai Wan and Wong Chuk Hang. However, with the opening of the MTR South Island Line in December 2016, Wong Chuk Hang has gradually changed, and old industrial buildings in the area have been rebuilt into new ones. Wong Chuk Hang has the opportunity to develop into another important commercial center on Hong Kong Island.