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New lease of life for tired buildings, Thursday July 26, 2012 |
 Jul 26 2012, 08:36 AM
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 Elite Member  Group: Moderators Posts: 10,559 Thank(s): 3608 Joined: 24-December 06 From: London Member No.: 2,491 Country  Mood    |
Source:TheStandard
 Since the government suggested revitalizing old industrial buildings in 2009, many have been successfully converted for commercial use. Even before then, the apm mall - originally an industrial building called Kowloon East Plaza - has become a landmark in Kwun Tong since it opened in 2005. It is located within Millennium City 5, part of a commercial cluster along Kwun Tong Road owned by Sun Hung Kai Properties (0016). With a gross floor area of more than 600,000 square feet, the mall houses more than 170 shops spread over 11 floors. Another example is MegaBox on Wang Chiu Road in Kowloon Bay, which opened in 2007 as part of Kerry Properties' (0683) Enterprise Square Five shopping and commercial complex in the new industrial area. The 19-story shopping block is the largest shopping center in East Kowloon with a gross floor area of 1.1 million sq ft, housing around 240 shops. Such large malls attract customers and stimulate the office market in their areas, driving up office rentals. Office rentals in Kowloon East rose 33 percent year-on-year in June to HK$27.10 psf. Don't Forget to click the "THANKS" button 
This post has been edited by R.E.D: Jul 26 2012, 09:24 AM |
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| Lo-Fi Version | Time is now (EST): 25th May 2013 - 06:51 AM |