Real estate market
Author: Li Tong
2020-11-25 16:30
Last update date: 2020-11-25 16:35
Chief Executive Carrie Lam Cheng Yuet-ngor said that a number of measures to revitalize industrial buildings were announced the year before, including increasing the maximum approved plot ratio after redevelopment of old industrial buildings. The Town Planning Board has so far approved more than 30 applications for redevelopment of industrial buildings, providing approximately 600,000 square meters of new commercial or industrial buildings. floor.
In order to expedite the work, the Development Bureau will implement a pilot plan for the "standard amount" to levy premiums. It is working with the Lands Department to formulate the details of the plan, which will be launched in early 2021.
According to the source, the plan will introduce a price list for the land premium, listing the price per square foot required for redevelopment, so that the owner can know the amount to be paid and make corresponding arrangements before redevelopment.
In 2018, it was introduced to increase the maximum approved plot ratio of old industrial buildings after redevelopment by 20%. According to sources, there are currently 300 single-ownership industrial buildings completed before 1987, but only 50 applications have been received and approved. Out of 30, we hope that the plan can be used to attract more owners to apply.
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