Strong Industrial Base
Hong Kong is one of the undisputed centres for commerce and innovation in the world, a city that continues to drive the world economy.
In order for Hong Kong to stay competitive, especially in the age of technology, the city must attract top-tier global companies to set up local (regional) headquarters and operation.
Over the years, HKSTP’s three Industrial Estates, created for the sole purpose of facilitating local and foreign investment in skill-intensive manufacturing and service industries, have been broadening the city’s industrial base and knowledge; as well as attracting the latest technology giants to set up shop in the city.
With convenience, cost-efficiency and ease-of-access in mind, HKSTP’s role has been vital in these areas and is now even more essential to secure Hong Kong’s future.
Currently the three Industrial Estates, in Tai Po, Tseung Kwan O and Yuen Long, play host to a myriad of local, regional and international companies whose core businesses are manufacturing, data centres, pharmaceutical processing, recycling, and media services.
As these industrial estates continue to develop, HKSTP’s goal is to facilitate more advanced technology manufacturing operation to flourish Hong Kong, kick off our journey for ‘Re-Industrialisation’, and welcome a new age of economic growth for the city.
With a view to enhancing the value chain of the innovation and technology (I&T) industries in Hong Kong, the HKSTP has implemented a revamped IE Programme (IE2.0) to promote re-industrialization for smart production and high value-added industries to be established in Hong Kong.
Under the new IE2.0, the key mandate of HKSTP would be to utilize the land on our IEs more efficiently to support Science, Innovation and Technology (SIT) based industries which are vital to the sustained growth of our economy.
New Business Model
Since 2016, HKSTP has been constructing and managing specialised high efficiency multi-storey industrial buildings mainly for leasing to multi-users, instead of granting sites to single users for building their own factories. HKSTP would only consider granting sites on long lease terms to applicants to build standalone factories when a project merits such treatment. Each proposal will be assessed in terms of its social and economic benefits to Hong Kong, technology level, transfer and commercialisation, industry lead and job creation etc.
Rental charges of our specialised buildings, or the land premium in exceptional cases of land grant on long lease (up to June 2047), will be delinked from the historical land development costs. They will be competitively priced, taking into account prevailing market conditions and other relevant factors.
The entire value chain from R&D, prototyping, product design, production, testing and distribution, administration to marketing and branding etc; could all be accommodated in the Industrial Estates in a through-train model. At the moment, the following target industries are most welcomed:
- Pharmaceutical, healthcare and biomedical
- Electronics and optical
- Precision engineering and assembly
- Specialised manufacturing / Advanced materials
- Information, communications and telecommunications
Industrial Estates Community