EconomyFactory owner proposes 928 flats at Sha Tin site as industrial demand falls
After 17 years of intermittent government initiatives to turn Siu Lek Yuen’s industrial area into housing, a company has applied to convert two industrial buildings there into 928 flats. Analysts say the move may offer developers a more viable and profitable route as industrial demand drops sharply despite a cooling residential market in Hong Kong.
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South China Morning Post★★☆☆☆2026-11-09 10:00Original
Factory owner proposes 928 flats at Sha Tin site as industrial demand falls
Economy