Land Premium Standard (Cushman & Wakefield)

The Development Bureau of the HKSAR Government recently announced a pilot scheme which standardizes land premium calculations for old industrial buildings undergoing redevelopment to other specific uses. We welcome the new scheme as it provides clarity for investment decisions, significant time and cost savings, and encourages more efficient land use to address social needs. Old industrial buildings that sits on Residential or Comprehensive Development Area (CDA) zoning will be most sought after following the implementation of the scheme.