Land premium concessions to lure business to aid Tin Shui Wai
The government plans to grant land premium concessions to encourage more businesses to set up in economically depressed Tin Shui Wai.
Secretary for Commerce and Economic Development Frederick Ma Si-hang said this yesterday as he joined more than 30 businesspeople on a half-day tour of the isolated new town to explore opportunities.
Proposals being floated to provide more jobs range from factory outlets selling cut-price goods to spas for the less well-off.
Mr Ma said Financial Secretary John Tsang Chun-wah had already announced that the government planned to set aside land from the application list for hotel development in the area 'and we hope to accommodate it in terms of payments of land premium'.
He said area 108A, a plot opposite the Wetland Park that borders Tin Shui Wai, was already in the land application list for commercial use and the government would try to encourage its development into a hotel.
He said a similar approach could be taken with some of the ideas proposed yesterday.