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(Site B11) Castle Peak Road/Wo Yi Hop Road

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(Site B11) Castle Peak Road/Wo Yi Hop Road Castle Peak Road/Wo Yi Hop Road (Site B11) Area (Plan B11) : “OU(B) ” Zone 2009 2014^ Difference (in ha) (about) 23.2 22.85 -0.35@ No. of Private Industrial Buildings : 2009 2014^ Difference Occupied 68 68 - Wholly vacant 1 1 - Under renovation 1 2 +1 Tot al 70 71 +1 Other Building(s)/Site(s) : 2009 2014^ Difference Private CLP Station 1 1 - Religious institution 1 1 - Hotel - 1 +1 Temporary Car-park 1 1 - Wor k-in-progress 2 1 -1 Vacant Site 1 - -1 Government Cooked Food Centre 1 - -1 Toilet 1 - -1 Dangerous Goods 1 - -1 Store Refuse Collection 1 - -1 Point Temporary Car-park 2 - -2 Vacant Site - 1 +1 FEHD’s Cleansing 1 1 - Depot Kai Fong Association 1 1 - Sitting-out Area 1 1 - ^ Survey undertaken in July 2014. @ Involving the sites of cooked food centre, public toilet, dangerous goods store, refuse collection point and temporary car-park rezoned to “G/IC” in April 2012. Details of Private Industrial Buildings Total No. of Private Industrial Buildings : 71 Total No. of Units Involved : 7,063 Total GFA* Involved (about) : 1,828,496m2 No. of Sample Units Surveyed : 4,351 (61.6%) Total GFA * Involved (about) : 1,340,087m2 (73.3%) * Conversion factor from internal floor area to gross floor area is 1.3333. Castle Peak Road/Wo Yi Hop Road “OU(B)” Area 1 No. of Buildings Wholly Under Occupied Tot al vacant renovation No. of Storeys 1 - 7 storeys 7 - - 7 8 - 19 storeys 39 1 1 41 20 storeys or above 22 - 1 23 Land Ownership (as at end June 2014) Single 16 1 1 18 Multiple 52 - 1 53 Building Age (as at end March 2014) < 15 years 2 - - 2 15 – 29 years 15 - - 15 30 years or above 51 1 2 54 Building Condition Good 7 - - 7 Fair 52 1 2 55 Poor 9 - - 9 Surrounding Land Uses : Residential developments, industrial buildings in nearby “R(E)” areas, government, institution and community uses (including cooked food centres, refuse collection point, toilet, telephone exchange building, electricity sub-stations, public swimming pool and schools), petrol filling station and open spaces. Vacancy Rate (based on GFA*) PlanD’s Area Assessments “OU(B)” Zone 2009 Area Assessments Survey in 2013-14 Territorial 8.4% 6.0% Kwai Tsing/Tsuen Wan 7.5% 6.5% Castle Peak Road/Wo Yi Hop Road 7.4% 5.7%# # Survey undertaken in July 2014. Derived from R&VD’s Raw Data “OU(B)” Zone 2008 2009 2010 2011 2012 2013 Territorial 5.9% 5.3% 5.5% 5.6% 4.8% 5.5% Kwai Tsing/Tsuen Wan 5.8% 6.0% 5.2% 7.0% 5.3% 6.8% Castle Peak Road/Wo Yi Hop Road 7.4% 7.4% 6.2% 3.9% 7.4% 8.4% Tak e-up (derived from R&VD’s raw data and based on BD’s Monthly Digests) “OU(B)” Zone 2008 2009 2010 2011 2012 2013 Territorial (m2)* -166,430 4,831 225,015 -87,256 53,699 -85,817 Kwai Tsing/Tsuen Wan (m2)* -76,224 -31,256 122,658 -91,858 151,296 4,245 Castle Peak Road/Wo Yi Hop Road (m2)* -7,251 -21,616 68,088 40,955 -53,271 -29,351 * Conversion factor from internal floor area to gross floor area is 1.3333. Castle Peak Road/Wo Yi Hop Road “OU(B)” Area 2 Subdivision of Units Types of Units Units GFA* No. % m2 % Non-subdivided Units 6,975 98.8 1,783,420 97.5 Subdivided Units# 88 1.2 45,076 2.5 Total 7,063 1,828,496 # Among the 88 subdivided units, majority of them involving 39 units (about 44.3%) were divided into two to five subunits each, involving a total GFA of about 13,939m2 (about 30.9%). 25 units (about 28.4%) were divided into six to ten subunits each, involving a total GFA of about 13,493m2 (about 29.9%). Seven units (about 8.0%) were divided into 11 to 15 subunits each, involving a total GFA of about 3,643m2 (about 8.1%). Eight units (about 9.1%) were divided into 16 to 20 subunits each, involving a total GFA of about 6,376m2 (about 14.2%). Four units (about 4.5%) were divided into 21 to 25 subunits each, involving a total GFA of about 3,705m2 (about 8.2%). The remaining five units (about 5.7%) were divided into more than 30 subunits each, involving a total GFA of about 3,920m2 (about 8.7%). Predominant Uses 2009 2014^ GFA* (m2) % GFA* (m2) % Manufacturing/Workshop 125,072 6.9 120,412 6.6 Warehouse/Storage 767,241 42.2 1,031,677 56.4 Office 520,336 28.6 338,262 18.5 Others# 54,367 3.0 42,537 2.3 Vacant 133,922 7.4 103,931 5.7 Under Renovation 19,500 1.1 48,932 2.7 Non-response 197,707 10.9 142,745 7.8 Total 1,818,146 1,828,496 ^ Survey undertaken in July 2014. # The other uses identified in the 2014 survey were mainly data centre, research and development/testing centre and showroom, taking up about 1.0%, 0.5% and 0.3% of the GFA respectively. Comparison of Industrial Building in Adjoining “R(E)” Area Subject “OU(B)” Adjoining “R(E)” Overall Area Area# GFA* % GFA* % GFA* % (m2) (m2) (m2) Manufacturing/Workshop 120,412 6.6 29,391 12.1 149,803 7.2 Warehouse/Storage 1,031,677 56.4 197,441 81.0 1,229,118 59.3 Office 338,262 18.5 15,021 6.2 353,283 17.1 Others 42,537 2.3 677 0.3 43,214 2.1 Vacant 103,931 5.7 415 0.2 104,346 5.0 Under Renovation 48,932 2.7 752 0.3 49,684 2.4 Non-response 142,745 7.8 - - 142,745 6.9 Total 1,828,496 243,697 2,072,193 # Involving five private industrial buildings in the adjoining Castle Peak Road/Wo Yi Hop Road “R(E)” area (Site D8) (Plan B11). * Conversion factor from internal floor area to gross floor area is 1.3333. Castle Peak Road/Wo Yi Hop Road “OU(B)” Area 3 Business Nature and No. of Workers in Occupied Non-subdivided Units Business Nature Occupied GFA* No. of Workers Non-subdivided Units No. % m2 % No. % Manufacturing# 1,206 22.6 363,320 24.2 4,971 16.7 Non-manufacturing^ 4,139 77.4 1,136,859 75.8 24,740 83.3 Total 5,345 1,500,179 29,711 # The largest manufacturing business is manufacturing of wearing apparel (both in terms of number of units and GFA) (based on the Hong Kong Standard Industrial Classification Version 2.0 adopted by the Census and Statistics Department). ^ The largest non-manufacturing business is import/export, wholesale and retail trades (both in terms of number of units and GFA) (based on the Hong Kong Standard Industrial Classification Version 2.0 adopted by the Census and Statistics Department). Area Assessment The area (about 22.9 ha) involves 71 private industrial buildings, a religious institution, a hotel and some GIC facilities surrounded by residential developments. When compared with the findings of 2009 Area Assessments, the total industrial stock in the area has slightly increased from about 1.82 million m2 GFA to about 1.83 million m2 due to the completion of a new industrial building at 18-22 Lam Tin Street. In terms of height, 23 out of 71 buildings have 20 storeys or above. 41 buildings are 8-19 storeys high, and the remaining seven are 1-7 storeys high. In terms of condition, 55 buildings are in fair condition. Seven buildings are in good condition and the remaining nine are in poor condition. In terms of age, 54 buildings are 30 years old or above. 15 buildings are 15-29 years old and the remaining two are less than 15 years old. 53 buildings are under multiple ownership, while the remaining 18 are under single ownership. The updated overall vacancy of the area is about 5.7%, which is lower than the 7.4% identified in 2009. Such vacancy is also lower than the territorial figure of 6.0% for all “OU(B)” areas and the average of 6.5% for the five areas in Kwai Tsing/Tsuen Wan. About 1.2% of the units are divided into subunits, involving about 2.5% of the GFA. In terms of usage, Warehouse/Storage is still the largest user, taking up about 56.4% of the GFA which is higher than the 42.2% identified in 2009. Office is still the second largest user, occupying about 18.5% of the GFA which is lower than the 28.6% identified in 2009. Manufacturing/Workshop is the third largest user, accounting for about 6.6% of the GFA which is comparable to the 6.9% identified in 2009. The GFA for “Other Uses” takes up about 2.3% of the GFA. The major types of uses include data centre, research and development/testing centre and showroom, all of which constitute about 1.8% of the GFA. If taking into account the 71 industrial buildings in the subject “OU(B)” area and the five industrial buildings in the adjoining “R(E)” area together, the overall vacancy rate is about 5.0%. Warehouse/Storage is still the largest user, occupying about 59.3% of the GFA, followed by Office (about 17.1%), Manufacturing/Workshop (about 7.2%) and “Other Uses” (about 2.1%).
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