Cloth Factory Bay Shipyard Receives 20 Million Subsidy for Relocation

SighingCashier · 2026-03-25T19:06:51+00:00

The Aberdeen Shelter yacht club expansion project requires the complete relocation of the Cloth Factory Bay ship repair facility. The authorities will provide approximately 20 million Hong Kong dollars in special gratuitous allowances to tenants who relocate within the specified timeframe. Of the existing 91 leases, approximately 89 are related to the shipping industry, and the plan is to allocate part of the vacant land for new development.

SighingCashier

2026-03-25 19:06:51

Abstract generation in progress

March 26, 2026

Bu Chuang Wan Ship Repair Yard Subsidy of 20 Million for Relocation

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In the yacht club development project at Aberdeen Typhoon Shelter expansion, all vessels repair facilities at Bu Chuang Wan need to be relocated. The authorities stated that the temporary industrial zone at Bu Chuang Wan currently has 91 short-term leases, including 89 ship-related workshops. Considering the historical background of the area, as a special arrangement, tenants who vacate on time will be offered preferential subsidies, with a total estimated amount of about 20 million HKD.
Meanwhile, the government will allocate part of the vacant government land along Tin Wan Road in the Southern District for use…

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