Public tenders and the revitalisation of industrial land is the way forward for social homes

The government is poised to promote the provision of land by public tender and the revitalization of industrial buildings in a bid to increase the number of small and medium size housing units.
The Secretary for Transport and Public Works, Lau Si Io, says plans for implementing these measures have already been defined.
It is expected that an experimental total area of 30,000 square feet will be set aside for their construction.
Strict rules will be imposed to ensure that the original intentions of the plan are followed, says the Office of the Secretary for Transport and Public Works.
With this initiative Lau believes more than 500 economic homes can be built on one plot of land.
“After this measure is implemented, according to market reactions, we will study and analyse the results to deem whether or not to continue,” the office said.
As for the revitalization of industrial buildings, Lau said this  was part of the governing policies guidelines for this year.
The measure will first encompass cases where rebuilding will be done from scratch. The remaining cases where the revitalization of industrial buildings is requested will be studied later.
In the meantime, far, it has already received several requests to change the original purpose of some buildings, all of which pertain to singular properties.
At present, the government is also preparing measures to encourage and simplify the procedures to guide developers to build housing units of small and medium size.