Source: Hong Kong Government special administrative region
Development Bureau announces latest arrangements for two industry sites in Yuen Long and Hung Shui Kiu The DEVB launched tenders under the two-envelope approach for the Yuen Long Lot and the Hung Shui Kiu Lot in March and October 2024 respectively for the development of multi-storey buildings for modern industries (MSBs). Part of the floor space of the MSBs was to be leased to the Government at nominal rent for 10 years, allowing the Government to further rent out the floor space at concessionary rents to brownfield operators affected by government development projects during the period. The tender invitation for the two sites was originally to close on July 25, 2025.
A spokesperson for the DEVB said, “In order to lead and effectively promote the development of industries in the NM, the Government has to allow flexibility in the use of land in the NM and adopt a ‘dynamic planning’ approach in formulating strategies in accordance with the actual circumstances, thereby accelerating enterprise anchoring and fostering development of the area. Taking into account the views of the innovation and technology sector and the logistics sector on the industry development strategy in the area, as well as the Government’s planning strategy for the NM, the Government has decided to cancel the tender for the two sites and proactively utilise the sites according to the Government’s development strategy. This would allow the greater play of the sites in promoting industry development.”Issued at HKT 20:31
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