Tuen Mun 9 industrial buildings go commercial involving 1.42 million feet floor
Tuen Mun has been active in commercial development in recent years. At least 9 industrial buildings in the area have been converted or rebuilt into office and retail developments, providing 1.42 million square feet of floor space, including the former Chen Yun-yun family of Bureau of Land and Resources Supervision, to build a 19 at Xinyili 5 Storey commercial buildings.
Tuen Mun District 9 near Tuen Mun Station of West Rail Station and Tuen Mun Area 12 south of Pak Du Road are the most important industrial zones in the area with convenient transportation. Coupled with the government’s policy of revitalizing industrial buildings, Developers or investors bought or refurbished industrial buildings, of which 9 were for office and retail development projects, providing a total of 1,417,000 square feet of floor space.
Shin Yili 5 to build a 19-storey high commercial buildings
In Tuen Mun Area 12 south of Pak Du Road is now an “industrial” planning destination with more commercial projects being launched, including the founder of the VCC Land Group and the Chen Yun-yun, former chairman of the Bureau of Lands, To build a 19-storey commercial building with a gross floor area of about 190,000 square feet, including a ground floor of about 4,500 square feet for shops and lobbies and the remaining 185,000 square feet for office use.
In addition, Bhopal Deng Chengbo, who has actively bought industrial buildings for activation in recent years, also holds two connected industrial buildings at No. 1 and No. 3, Xinheli in the area and applies for activation, including Xinheli No.1 The Jun Shan Factory Building will be converted into a commercial building of about 10 storeys in height, a shopping mall on the 1st to the 3rd floors and an office on the 5th to 9th floors with a total gross floor area of nearly 85,000 square feet.
Minsheng Logistics Center approved the activation of the office
Meanwhile, Hung Shing Road 3B MCDC, which is held by veteran investor “Logistics Zhang”, occupies an area of about 36,000 square feet and has a height of 13 storeys and a total floor area of about 303,000 square feet. It has been approved to be activated Into the office and retail use, belonging to the larger activation of the project. In the past, investors also put the entire project for sale at a valuation of more than 1.4 billion yuan.
As for Area 9 in Tuen Mun north of Pui To Road, it has been rezoned to a “Comprehensive Development Area” by the government in recent years to facilitate the area’s restructuring. Emperor International (00163) also owns two industrial building activation projects in the region, including the European Center for Storage of Spun Furniture at No. 4 in GF, a 14-storey building that will be used for office and retail, restaurant use, gross floor 179,000 square feet.
However, King Cheong and Deng Cheng-bo also applied for the conversion of a completed industrial building at 4 Kin Fung Street into an office, restaurant and shop with a total gross floor area of 230,000 square feet.