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Budget Speech

Develop Multi‑storey Industrial Buildings

149. With the launch of various large‑scale NDA projects, many brownfield operations in the NDAs will inevitably be affected by land resumption.  The Government has engaged a consultancy firm to conduct a market sounding exercise to gauge market interest.  With the benefit of this exercise, the Government initially tends to identify sites in Hung Shui Kiu and Yuen Long for the development of multi‑storey industrial buildings by leveraging market forces.  These buildings will be mainly used by logistics and automobile repairing industries and will provide space for other appropriate uses and for brownfield site business operators affected by land resumption.  The DEVB seeks to sell the first piece of land concerned by public tender next year.



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