Reconstruction of Banshan Street Industrial Building
The demand for industrial buildings has increased. Many owners have re-launched the policy of revitalizing industrial buildings and deployed reconstruction buildings. Jin Chaoyang (00878), a family of Chen family members, held at 18 to 20 Banshan Street, Tsuen Wan, recently applied to the Town Planning Board to relax the development density by 20% to rebuild the existing three-storey industrial building into a 25-story building (including 2 floors of basement) new industrial building.
The above application was filed by Shengyi International Group Co., Ltd. According to the company registration office, the director of the company is Chen Huiru (CHAN, WINNIE), and the same name as the daughter of Jin Chaoyang’s executive director Chen Huizhen. According to the information, about 25,000 square feet of 18-20 Banshan Street are now “Qingfeng Printing and Dyeing Co., Ltd.", with a floor area of only about 58,000 square feet. The plot ratio set on the land use map has not yet been exhausted. 9 times the upper limit.
In response to the policy of revitalizing the industrial building, Mr Chan suggested that the upper limit of the plot ratio of the site should be relaxed by 20% to 11.4 times. The floor area of the building could be about 285,000 square meters. It is believed that the new development can speed up the transformation of the business district in the Chai Wan Kok area.