Policy Address

Central and Wan Chai

133.         The Government will continue to increase land supply for commercial and business uses in the existing CBD in Central and Wan Chai through land sales.  We will speed up the process of converting suitable GIC sites in the CBD, including the Murray Road Carpark in Central and the Rumsey Street Carpark in Sheung Wan, to commercial uses where practicable.  We will launch the development of Central Harbourfront Site 3 as soon as possible to increase the floor area of office and retail space.

Revitalising Industrial Buildings

134.         We will continue to implement the policy of revitalising industrial buildings to meet Hong Kong’s changing economic and social needs.  To this end, we have further introduced a range of enhanced measures.  The PlanD is conducting a new round of Area Assessments of Industrial Land in the territory, which focuses on the industrial and commercial sectors’ demand for land and space, and will rezone for residential use the industrial land near residential areas where industrial activities have greatly reduced.

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