Consider revising the building and building activation plan
The Chief Executive, Mrs Carrie Lam, proposed in his 2017 “policy address” that he should consider resuming the proposed scheme. The Secretary for Development, Mr Wong Wai-lun, later introduced the relevant measures at a press conference. Based on the current high vacancy rate of public works and the marked increase in rents and prices in recent years, there are views on why the resumption of the proposed scheme should be resumed. A summary of the number of applications for the resumption of applications for the Buildings and Labors (2009 to March 2016) will help to understand the current policy considerations.
The number of the whole conversion project should be open
The Secretary for Development pointed out that live chemical industry could become a source of land for economic development. There are many considerations, including:
The stockpiles of private tiered factory buildings (excluding warehouses) are very large and still amount to 16.73 million sq m (in terms of floor area) in 2016. For the period from 2009 to 2016, the indices for rents and prices Respectively, up 82% and 220%.
From April 1, 2010 to September this year, the total number of special exemptions (total retrofitting) has been signed (104 cases have been canceled or terminated); the number of valid cases is 81, Accounting for 36% of the total number of cases received.
How many of the retrofitting projects have been completed and the actual floor numbers and the different uses (including the number of increase in the number of parking spaces) have been carried out and the Government has not made any announcement. Such market information is worthy of further research and proper publication by the Government in formulating policies to help increase market transparency and awareness. There are 12 cases of redevelopment cases, including 3 land exchange and 9 contracts. The total number of applications for redevelopment and conversion is 3 and 19 respectively. The results of the scheme are mainly converted by the whole building, while the redevelopment rate is only The total number of applications is about 10%.
It is very important to promote the overall competitiveness of Hong Kong and to enhance the overall competitiveness of Hong Kong. In addition to building safety, land use and other issues, the completion of retrofitting and redevelopment of the new building can bring many employment opportunities to existing industrial districts and increase the choice of public places. This will help alleviate urban crowding and overall traffic Transport pressure.
To provide incentives to encourage the old building owners to carry out reconstruction or renovation of the whole building, the Government made a number of studies. The definition and coverage of the “industrial” and “warehouse” uses in the land contract have a significant impact on the use of existing buildings and land prices. The valuation hypothesis in the premium policy is also an important issue.
As far as the whole conversion scheme is concerned, three aspects are worthy of further consideration by the Government, including the promotion of applications in new town areas, the reduction of the number of parking spaces and the incorporation of residential (E) buildings into the scheme. At present, there are 53 successful retrofitting applications in East Kowloon (Kwun Tong and Kowloon Bay), representing more than 50% of the total figures. This reflects the driving force of commercial value. However, there are only 2 new towns in Tsuen Wan and 1 in Yuen Long , While Tai Po has no more cases. Commercial buildings require a much higher parking space than industrial buildings. The former is a total floor area of 150 to 1,200 square meters per 150 to 300 square meters of gross floor area. The increase in the number of parking spaces will require the abandonment of existing industrial floors and the reduction of economic viability Sex. The earlier plan does not include industrial buildings located in the “Residential (Group E)” use.