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COMMERCIAL PROPERTY | Staff Reporter, Hong Kong
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Industrial estate policy gets revised

This is to support "re-industrialisation".

The Government has revised its industrial estate policy to support re-industrialisation and attract high value-added technology industries and manufacturing processes.

Secretary for Innovation & Technology Nicholas Yang made the statement to legislators, saying under the new policy the Science & Technology Parks Corporation has built and managed specialised multi-storey industrial buildings for lease to multiple users from different sectors.

Under special circumstances, the corporation still considers granting land to meritorious applicants to build standalone factories, Yang added.

He said, besides constructing new multi-storey industrial buildings, the corporation encourages factory operators in industrial estates to surrender premises which have not been fully utilised, and identifies suitable premises for refurbishment for leasing.

In the past five years two buildings in Tai Po and Yuen Long industrial estates with floor areas of 1,416 and 7,930 sq m were returned by grantees for lease.

Another surrendered factory in Tai Po industrial estate is being refurbished to provide 8,500 sq m gross floor area.

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