Posted 11/29/2023, 12:30:16 AM
Hong Kong Logistics Firms Face Closures Over Short Relocation Deadlines for Brownfield Sites
- Hundreds of Hong Kong logistics firms told to relocate from brownfield sites, worried they can't find alternative locations and may be forced to close
- Operators given short relocation deadlines, frustrated with lack of resettlement options and support from government
- Industry leaders urge government to give affected firms more time, flexible approach to land resumption to avoid closures and threat to logistics sector
- Government plans to develop land into multistory buildings for modern industries, will provide some relocated operators rental concessions
- Industry undergoing threats from regional competition, some suggest HK refocus on high value-added logistics services rather than traditional warehouse model