MARKETING agent C. Y. Leung & Co expects to have little trouble attracting buyers or tenants to the 21-storey Charmay Centre in Kwai Chung despite an estimated vacancy rate approaching 30 per cent in the industrial sector.
Stephen Yeung Chou-yau, assistant manager of the agency's industrial division, said there were no other new industrial buildings due to be completed soon in the area, so the centre would have virtually no competition in attracting local users wanting to upgrade.
'The demand will come from people already located in the area,' he said.
According to C. Y. Leung executives, many manufacturers cannot meet their ancillary office needs in older buildings because of the size of units or because the lift-lobby layout is unsuitable.
Mr Yeung and other agents estimate that most of the existing industrial stock in the Kwai Chung area is between 10 and 20 years old and not up to requirements of modern industrial companies.
He said the Charmay Centre was not only a 'better looking' building than much of the existing stock in the area, but was more suited to the purposes of modern industrial space users.
