Plan to turn Hong Kong office block into flats rejected amid high commercial vacancy rates

South China Morning Post - Sep 29, 2026

Hong Kong’s Town Planning Board has rejected an application from a consortium of developers to rezone a commercial project in Kowloon for development as residential flats, leaving sellers struggling with high vacancy rates, according to analysts. A consortium formed by CSI Properties, Asia Standard International, and Chongqing-born property tycoon Cheung Chung-kiu applied to the Town Planning Board to redevelop “Harbourside HQ” – a grade A office building at 8 Lam Chak Street, Kowloon Bay, which...

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