New guidelines from the HD to eliminate “industrial building re-residential”
In view of the fact that many industrial buildings have been “stealing chicken” for residential purposes in recent years, the fire department has even introduced fire safety problems. Recently, the Buildings Department has issued new guidelines stipulating that under the Buildings Ordinance, industrial buildings should be altered or added. If the units are functional The area is less than 861 square feet. The Department will not approve the establishment of an independent toilet facility to avoid any deterioration of property use.
The Department explained that these inter-divided rooms will not be accepted for industrial use and will therefore not be approved for construction and any construction documents that do not comply with the above requirements will not be accepted. The Buildings Department will take appropriate enforcement actions against these unauthorized alterations under the Buildings Ordinance and consider disciplinary actions against the prescribed building professionals and registered contractors.
No toilet within 861 feet
Zhang Qiaochu, deputy managing director of Colliers International Asia, said that the new guidelines have an impact on the industrial and commercial buildings market. The units in the industrial and commercial buildings will no longer be able to rebuild toilets through minor project alterations and sales will not be able to operate with independent toilets As a selling point, it will effectively reduce the situation in “industrial buildings.” However, he pointed out that due to the market’s longing for the current government to restart the industrial upgrading and bring more optimization measures, coupled with the fact that the land could be changed for planning purposes, it is believed that the selling price of the industrial and commercial buildings will not be affected so much.
New guidelines effectively reduce “industrial buildings”
Zhang Shengdian, Director of Corporate Development Department of Pu Jin Group (Valuation & Property Management), believes that many start-ups in Hong Kong will rent industrial units or activate shared spaces in industrial buildings for office use. The home caused a small amount of inconvenience, but it could eliminate the current loopholes.
According to insiders, in recent years, investors have bought the large units of the industrial and commercial buildings and sold them to the market. From Chai Wan, Kwun Tong and Ngau Tau Kok to Kwai Chung, the unit area of the unit has dropped from 200 square feet. Generally not more than 700 square feet, all provide independent toilet. These units of industrial units purchased at a cost of $ 3-4,000 per square foot have been subdivided into small pieces of gold after being subdivided. The use of industrial buildings has become diversified. They are generally sold at a price of $ 10,000 per square foot. When the guidelines for new operations are implemented, Stop the speculation in these industrial buildings.