Policy analysis on industrial building revitalization

Notwithstanding the incentives initiated by the government, the revitalization of old industrial buildings is not without its challenges.

Development Bureau - Optimising the Use of Industrial Buildings

Ironically, no any follow-up measures for the six industries have been adopted by the government up till now. This is certainly an option that should be explored. These public subsidized units with better and safer living condition could be used to replace the illegal sub-divided units in the market smoothly.

Different varieties of businesses like holiday inns, arts studios and sport centres are developed making the department hard to control.

Conclusion The industrial building revitalization policy has released a large amount of extremely precious and valuable land resources in Hong Kong. This will lead to a better economic use of land resources and a more visually attractive urban landscape. In the recent years, the cultural workers tend to rent the industrial buildings as a workshop or studio because of comparatively lower rentals, thus forming the industrial art regions.

The vacancy rate of industrial buildings was 6. A possible solution is to completely separate the two uses by means of fire-proof compartment walls and floors. Assistance to the six industries Due to the high rental levels of revitalized industrial units, it seems that the six industries are relatively weak to compete with other tenants who pose greater financial ability.

Revitalisation of industrial buildings in Hong Kong

Perhaps the URA could act more decisively if we want to speed up redevelopment of old industrial buildings with fragmented ownership. For conversion of an industrial building into residential flats, the challenges include treatment of floor areas in excess of what is permissible for domestic flats and compliance with the requirements for site coverage.

Previously they had the option to expand within the HKSTP industrial estates but these are currently full, and the amnesty on both first and second hand transactions has caused a blockage to development.

These particular kind of restaurants mainly promote tranquility eating environments, which are suited to the isolated environment of the industrial buildings. It is supposed that this policy should benefit the cultural and creative industries, according to the Policy Address The actual waiting time is more than 5 years.

Some owners develop businesses via this administrative loophole, running cubiclescasinos [6] [7] and mahjong clubs, creating many security problems for the building. For teenagers, ghost houses and escaping games are slightly offbeat venues for gatherings.

On the other hand, workshops for leather-making or other hand-made products are provided so that people can showcase their creativity. Certainly, further consultation with the authorities is required if the government wishes to pursue this option.

GFA still in progress. In addition to identifying more land for development, the government also needs to recognize that relying on the free market for growth may not be enough.

It speeds up the pace of urban renewal. It seems to contravene the fundamental goal of that policy, which is proposed to support the six industries through revitalizing industrial buildings.

Policy Analysis on Industrial Building Revitalization

Since the implementation period of the revitalization policy has been extended in the Policy Addressthe building owners and related professions could have sufficient time to gain redevelopment and conversion experience.

Mo Further to the comments made by Eddy Li on Feb 21 on the latest measures by government for revitalizing existing industrial buildings, Financial Secretary John Tsang said in his recent budget speech the government will continue encouraging revitalization of industrial buildings to make more floor areas available for commercial and other uses.Sustainable Cities and Society 19 () – Revitalization Industrial policy buildings Economic Social and (c) data analysis.

What’s next for Hong Kong industrial property sector?

Revitalization of Industrial Buildings in Hong Kong or conversion through injection of the incentive new industrial buildings revitalization policy. 6 11 [4] Conversion of Industrial Building for other uses 1. Revitalization of old industrial buildings. Revitalisation of Industrial Buildings – An Update.

12 March 2 The need for change Since announcement of the new revitalisation measures in Octoberthe Town Planning Board The aim is to identify policy or implementation issues.

Revitalisation of industrial buildings in Hong Kong. Introduction of the revitalization scheme launched by the HKSAR government. The scheme of revitalisation of industrial buildings was announced by the Old Industrial Buildings Revitalization in Hong Kong; References. Aug 23,  · Policy Analysis on Industrial Building Revitalization 1.

Background In the past few decades, Hong Kong has undergone economic transformation from secondary industry to tertiary service. Due to the northern movement of the manufacturers and industrialists for the relocation of production activities, the demand of industrial buildings.

The Industrial Revitalization Policy is scheduled to discontinue in March With the growing demand for industrial space, as well as a rebound in certain manufacturing sectors, the Hong Kong.

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Policy analysis on industrial building revitalization
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