Revitalising Industrial Buildings

87.         Our policy to revitalise industrial buildings has been put in place for almost three years. In total, 13 applications for redevelopment and 49 for wholesale conversion had been approved, which could provide a total gross floor area of about 680 000 square metres for non-industrial uses. The Government is prepared to further relax certain restrictions on wholesale conversion, including allowing owners to recover the amount of gross floor area loss due to alteration of building structure by making minor changes on the outside of the existing building frames under specific conditions. Such arrangements will further facilitate revitalisation of industrial buildings, hence increasing commercial and residential land supply.

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