In her most recent Policy Address, the Chief Executive has revived the revitalisation scheme of industrial buildings first introduced a decade ago, this time with less stringent rules. Under the new scheme, owners of industrial buildings, provided that they are pursuing or have completed revitalisation, are allowed to convert their properties into transitional housing for low-income families.
Earlier in February, the Development Bureau also began allowing owners of individual units in industrial buildings to repurpose their properties for five specific use types for an initial five-year period without incurring temporary waiver or fees. The expansion of use categories under the revitalization scheme is expected to be implemented progressively from 2019.
The Chamber is delighted to have invited Ms Rosanna Tang, Head of Research from Colliers to speak on the prospects and opportunities arising from this Government initiative with particular emphasis on San Po Kong in East Kowloon where a second CBD is gradually taking shape.
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