Government committed to increasing office space supply in Hong Kong

In response to media enquiries regarding the research report "Grade A Office Market Study Report, Hong Kong" published by the Royal Institution of Chartered Surveyors today (October 6), a spokesman for the Development Bureau said that the Government is committed to maintaining a steady and adequate supply of office space so as to sustain Hong Kong's economic growth as mentioned by the Financial Secretary in his 2011-12 Budget Speech.

The spokesman said that soon after the Budget Speech, the Development Bureau organised a Seminar on Office Development in Hong Kong in March this year to allow industry players, professionals and academics to exchange views and ideas in this area. The seminar's presentations and proceedings are available at the website .

"We have adopted a multi-faceted approach to increase office space supply in Hong Kong and will continue to seize opportunities to provide more office space at prime locations. We have enlarged the Central Business District (CBD) from the Central District to Sheung Wan, Admiralty, Wan Chai, Causeway Bay, Tsim Sha Tsui and West Kowloon (south of Jordan Road) in the Hong Kong 2030: Planning Vision and Strategy when mapping out a long-term office strategy. We also strive to deliver more office sites in the CBD, particularly in the Central District.

"The Government has been encouraging decentralisation of offices, particularly with improved access via government investment in transport infrastructure. Land use planning and policy initiatives to revitalise industrial buildings also promote the development of office nodes in areas like Quarry Bay, Wong Chuk Hang and Kwun Tong," the spokesman said.


Ends/Thursday, October 6, 2011
Issued at HKT 19:05