南華早報·商業· Chris Tsang·· 21 days agoAI score51
Town Planning Board rejects application to convert Kowloon Bay Harbourside HQ from commercial building to residential use
Plan to turn Hong Kong office block into flats rejected amid high commercial vacancy rates
AI briefing
Hong Kong's Town Planning Board has rejected an application by a developer consortium, refusing permission to rezone Grade-A commercial building Harbourside HQ at 8 Lam Tsok Street, Kowloon Bay, for residential development. The application was made by a consortium comprising CSI Properties, Asia Standard International and Chongqing-born property developer Cheung Chung-kiu. Analysts said high commercial vacancy rates make it difficult for sellers to offload stock.
Source: 南華早報·商業 · scmp.com