Luen Tai Industrial Building, Kwai Chung – HK Government Scheme to revitalise such buildings
HF: The SCMP on 4th December 2013 published an article about the HK government scheme to revitalise old industrial buildings by focusing on the Luen Tai Industrial building at 72 Kwai Chong Road, Kwai Chung.
“The Hong Kong government’s scheme to revitalise old industrial buildings has encouraged developer Sun Hung Kai Properties to invest in turning a 40-year-old industrial building into a shopping mall.
Fiona Chung Sau-lin, general manager of the leasing department at SHKP, said the company will begin work on converting the Luen Tai Industrial Building on Kwai Chung Road in Kwai Chung into a mall this month. The mall is expected to open for business in the middle of 2015.
The government’s revitalisation plan, unveiled in 2009, aims to encourage owners of old industrial buildings to carry out redevelopments. Owners of the buildings are exempt from paying land premiums for converting the buildings to other uses…”
See: SCMP Luen Tai Industrial Building article 4th December 2013