Property News · October 17, 2018

Can widespread industrial building conversions fill Hong Kong’s housing shortfall?


Industrial property owners in Hong Kong are rushing to subdivide their buildings into smaller, liveable units in the hope of benefiting from Chief Executive Carrie Lam Cheng Yuet-ngor’s recently announced proposal to allow such properties to be used for transitional housing.
The Post visited two such buildings in Kwun Tong, an industrial area where rents are cheaper by at least 37.5 per cent than other nearby residential units.
One site inside the Howard Factory Building at 66 Tsun Yip…

Source : South China Morning Post
Read more…Can widespread industrial building conversions fill Hong Kong’s housing shortfall?