Innovative Prefab Housing Debuts In Hong Kong

Hong Kong Science and Technology Parks Corporation (HKSTP) is aiming for. It is developing a prefabricated housing project called InnoCell, which is expected to provide 500 bed spaces early next year. Established in May 2001,

BY Realty Plus
Published - Thursday, 14 Jan, 2021

Innovative Prefab Housing Debuts In Hong Kong

Hong Kong Science and Technology Parks Corporation (HKSTP) is aiming for. It is developing a prefabricated housing project called InnoCell, which is expected to provide 500 bed spaces early next year. Established in May 2001, HKSTP is a public corporation dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, facilitate collaboration and catalyse innovations to deliver social and economic benefits to Hong Kong and the region. HKSTP chief project development officer Simon Wong says InnoCell is a residential project serving as part of the supporting facilities of HKSTP, which aims to provide short- to medium-term accommodation and working space for select talent and incubatees locally and internationally. “By attracting talent to Hong Kong and encouraging technological innovations, the city will be able to move to the next stage of economic development,” he says. Designed by international architecture and interior design firm Leigh & Orange Ltd, InnoCell is located on a 0.73-acre parcel adjacent to the southeast entrance of HKSTP in Pak Shek Kok, Tai Po, Hong Kong. The 17-storey building, which has a gross development value of HK$800 million (RM418 million), will offer solo studios and twin studios with built-ups of 248 sq ft each, as well as suites with built-ups of 497 sq ft each. The project is expected to be completed by the end of this year and will be ready for occupation early next year. The rent will be about 60% of the market rent of similar properties in the surrounding area, with rental options of one month to a year.