Recommended measures on the revitalizing industrial buildings scheme in Hong Kong

Many old industrial buildings in Hong Kong are either vacant or under-utilized due to economic restructuring in the past decades, which results in a huge wastage of valuable land resources. The Chief Executive of Hong Kong highlighted the importance of revitalizing old industrial buildings in the 2009-2010 Policy Address. The policy of revitalizing industrial buildings enables owners to revitalize their industrial buildings. More usable floor spaces at competitive price for different trades can be generated. More job opportunities are also created at the same time. However, the progress of implementing the policy is slow since its implementation in April 2000. Comments on the revitalizing policy from building professionals, stakeholders and general public were gathered in a previous study by way of a large scale questionnaire. This paper attempts to examine the identified recommendations for improving the implementation of the revitalizing scheme from different perspectives. The recommendations are based on analyzing the findings of the returned questionnaires by means of Factor Analysis. Analysis of the recommended measures can help policy maker to formulate better strategies for its implementation.