Hengqin has now allowed buildings originally built for other purposes to be converted into hotel accommodation in a move to boost investment in the neighbouring island.
Two measures were announced late last week with the aim of “unleashing the potential of hotel development”.
They target office blocks designated for commercial, cultural, creative, high-tech, and scientific research purposes – including existing constructions.
However, according to the Monday announcement, “temporary conversion” approval will only go to projects that are “meaningful” to the industries of cultural tourism, exhibition, as well as trade and commerce.
According to the Hengqin authorities, applicants are allowed to submit their applications with a minimum duration of eight years – on the condition that the period of hotel operation does not exceed the remaining term of the right to land use.
Applicants can also request a period extension from the executive committee of the cooperation zone when the period for using the building as a hotel is approaching an end within three months.
The authorities said that after the eight-year period, of hotel operation, applicants will also be allowed to request termination.
Last week, Hengqin unveiled a raft of incentives designed to bring international sports events to the city and nurture youth development in the field.
Read more: From boardrooms to bedrooms
