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The 2016-17 Budget

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Budget Speech

Commercial Land

130.    In 2014-15, Government put up for sale a total of five sites for commercial/industrial use and one for hotel development, providing 180 000 square metres of floor area and 1 100 rooms respectively.  The Land Sale Programme for the coming financial year will include four sites for commercial/business use and one for hotel development, providing 180 000 square metres of floor area and 500 rooms respectively.

131.    We shall increase the supply of commercial floor area through other channels, including relocating government offices away from core business districts.  The plan will not only release valuable sites for commercial use, but also generate more economic activities and employment opportunities in various districts.

132.    The government offices in the Trade and Industry Department Tower in Mong Kok will be relocated to the Kai Tak Development Area starting in the middle of this year, releasing 18 000 square metres of commercial floor area.

133.    We are actively taking forward our plan to relocate the three government office buildings in Wan Chai.  The 29 departments accommodated there will be relocated in phases to buildings under planning in various districts, including West Kowloon, Cheung Sha Wan, Kai Tak, Chai Wan and Tseung Kwan O.  This will progressively release 175 000 square metres of commercial floor area and increase the supply of Grade A office space in Wan Chai.



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