Occupancy rate at Hong Kong tech park set to hit 90% in first quarter of 2026

The occupancy rate at the Hong Kong side of a new innovation and technology (I&T) hub co-developed by the city and Shenzhen is expected to hit 90 per cent in the first quarter of this year, a target previously set for the end of 2025. Kevin Choi Kit-ming, permanent secretary for innovation, technology and industry, said on Saturday that lease renewals would be based on certain key performance indicators (KPIs) set for firms, but authorities would avoid overly stringent standards and make...