The Maxwell Industrial Building, which is owned by Hong Kong textiles company Lawsgroup, in Kwun Tong. Photo: Sam Tsang
Investors, developers eye Hong Kong industrial buildings built before 1987 after city relaxes conversion policy
- Lawsgroup’s Maxwell Industrial Building expected to be the first such project, could be worth HK$5.4 billion
- Prices for industrial spaces in Kwun Tong have risen by 10 per cent, number of transactions have jumped 50 per cent in first two months of 2019
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Hong Kong property
The Maxwell Industrial Building, which is owned by Hong Kong textiles company Lawsgroup, in Kwun Tong. Photo: Sam Tsang