,Hong Kong
1 view

Why R&D labs in Hong Kong are scarce

The demand for medical office buildings in Hong Kong is high, but hard to get.

The demand from the healthcare sub-sector for medical office buildings in Hong Kong is high, according to a CBRE report.

The typical size requirement for these spaces are relatively small at 2,000 square feet and below. Large tenants such as hospital clinics can occupy multiple floors.

However, acquiring space in Hong Kong is challenging.

For R&D labs, investors have to deal with government ownership of the Hong Kong Science Park, where space is not available for sale. The Science Park hosts advanced R&D facilities, and can accommodate approximately 150 biomedical companies.

There are opportunities in converting existing industrial buildings, however there are strict requirements that need to be followed, including floor loading, and power and water supply. Thus conversions can only be done for laboratory testing use, and not for high-end R&D.

Over the recent years, medical companies have chosen to convert industrial buildings or acquire land for purpose-built medical facilities.

Get Hongkong Business in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

After transferring their existing installment loan, customers can enjoy a first 24-month principal payment holiday.
It reported a HK$1.4b loss in the same period last year.
The company recorded $811m over the same period in 2020.
Residents who stayed in Macau in the last 14 days will be ineligible to return to Hong Kong.
Total consideration for the sales amounted to $94b.
Some 10,000 eligible residents may win a free tour.
Its earnings reached HK$4,615m from HK$6,010m. 
The bulk of the proceeds will be used to fund R&D initiatives.
The bank linked this to macroeconomic conditions that put pressure on its net interest margin.
Scholars and fellows could receive up to $300,000 per year.
China’s oversight of the private sector in the past weeks has raised concerns and panic.
This was partially due to IPOs during the month.
The majority of whom will likely use their credit cards to top up.