Ease rules for factory conversions, says Far East Consortium

Property developer Far East Consortium International says the government should relax conditions on the conversion of industrial buildings for other uses in a bid to speed up the redevelopment of under-utilised properties.

Far East chairman David Chiu said owners should be allowed to make alterations to exterior walls of a building equivalent to 30 per cent of the property's total gross floor area, up from 10 per cent.

"This would allow for more windows in redevelopment projects and enhance their commercial value," Chiu said.

via Business feed http://www.scmp.com/business/companies/article/1038684/ease-rules-factory-conversions-says-far-east-consortium