The 2016-17 Budget
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Commercial Land

126.    In 2015-16, Government put up for sale a total of three business sites, capable of providing 68 000 square metres of floor area.  The Land Sale Programme for the coming financial year includes eight commercial/business sites and three hotel sites, capable of providing 540 000 square metres of floor area and 2 100 hotel rooms respectively.

127.    Government will continue to increase the supply of commercial floor area through various channels.  Apart from putting on sale the Trade and Industry Department Tower in Mong Kok and implementing the relocation plan of the three government office buildings in Wan Chai by phases, we shall also –

(a) reprovision government facilities in the two action areas in Kwun Tong and Kowloon Bay, and the land released is expected to provide 560 000 square metres of commercial and office floor area;
(b) convert the Murray Road multi-storey car park to commercial use, which is estimated to provide 42 000 square metres of floor area; and
(c) redevelop the Queensway Plaza site, which is capable of providing 93 000 square metres of floor area.


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Last revision date : 24 February 2016