Science Park, Cyberport halve rents for tenants

Business | 11 Sep 2019 3:51 pm

The Hong Kong Science and Technology Parks Corporation and Cyberport announced 50 percent rent discount for a period of six months for tenants and start-ups, in line with Financial Secretary Paul Chan Mo-po's announcement in August to provide support for businesses, especially small and medium enterprises.

HKSTP said it will offer one-off, six-month special rental concession at 50 percent discount to existing tenants in Science Park, InnoCentre and Industrial Estates.

The concession will be capped at 10,000 square feet, and will be effective from October 1 to March 31, 2020, applicable to companies with valid leases during this roll-out period.

Chairman of Cyberport George Lam, said about 660 companies and start-ups are eligible.

For larger companies at Cyberport, the rental concession is capped at 10,000 sq ft of rental space under a single tenancy.

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