Daily Market Updates: Hong Kong proposes more homes, less office space at Hung Hom harbourfront

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Hong Kong proposes more homes, less office space at Hung Hom harbourfront

Reported · Written up by our desk · North America

Hong Kong authorities have proposed raising the residential share of a Hung Hom harbourfront development to more than 60 per cent by cutting commercial floor space, citing “strong doubts” over market demand for offices. The Development Bureau, which submitted the latest proposal to the Legislative Council’s development panel on Monday, also suggested reallocating residential space from initially planned seaside sites to inland plots near Hung Hom station and Polytechnic University. The move aims...

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SCMP EconomyHong Kong proposes more homes, less office space at Hung Hom harbourfront

Global Markets

Hong Kong proposes more homes, less office space at Hung Hom harbourfront

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