Yingda Gelianli plans to renovate commercial building, Planning Department does not support

Office market conditions have slowed, but developers are still actively restructuring their properties into commercial buildings

Yingda Real Estate (0432) purchased the residential site No. 3-6 of Central Glenealy from Capital Strategy (0497) in early 2018 for 2.02 billion yuan, and applied to the Town Planning Board for the reconstruction of a commercial building. About 144,000 square feet.

The application will be reviewed today. According to the planning department’s documents, the department does not support the application because it is zoned “Residential Category A” for high-density residential development and the applicant has not provided sufficient justification to support the non-residential application. Reasons for development. At the same time, if the application is approved, a bad precedent will be set, so the Department does not support the development plan.

In addition, the government has reactivated industrial buildings for more than a year, and is welcomed by industrial building owners

Jinfeng Yang (0878) executive director Chen Huiling and sister Chen Huiru, held at Qingfeng Printing and Dyeing Co., Ltd., 18-20 Banshan Street, Tsuen Wan, applied to the Town Planning Board to relax the plot ratio by 20% to 11.4 times. It is planned to rebuild into a 25-storey building. The high-rise building for non-polluting industrial use involves approximately 285,000 square feet. The application will be reviewed today. Planning Department documents show that there is no objection to the application, and it is expected to receive a green light.

Application for Revitalization of Industrial Building No.203 Weiye Street Approved

In addition, Tong De Shi Building, 203 Wai Yip Street, Kwun Tong applied for revitalization of an industrial building, which will be rebuilt into a 25-storey high-tech industrial building with a total floor area of ​​approximately 145,100 square feet. The application was also reviewed today and is expected to be approved Apply.


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