Business · Companies · 7 hrs ago
Chiaphua seeks approval for 928 flats at Sha Tin industrial site
Chiaphua Group has applied to build 928 flats by converting two industrial buildings in Siu Lek Yuen, Sha Tin.
The company wants to combine the buildings and rezone the site for residential use.
The application follows 17 years of intermittent government efforts to turn the area into housing.
Industrial property demand has fallen sharply, while Hong Kong’s residential market is cooling.
Analysts say residential development could still be a more viable and profitable option for developers than industrial use.
The Town Planning Board will consider the application, and no decision is stated.
Chiaphua Group has applied to convert two industrial buildings in Siu Lek Yuen, Sha Tin, into 928 residential flats.
The company asked the Town Planning Board to consolidate the buildings and rezone the site for residential use.
The proposal comes as demand for industrial properties has fallen sharply, according to analysts.
Government-led initiatives to turn the industrial area into housing have been intermittent for 17 years.
- Who
- Chiaphua Group, an industrial manufacturer, submitted the application.
- What
- It seeks to consolidate two industrial buildings and rezone the site for 928 residential flats.
- When
- Recently; the article was published on November 9, 2026.
- Where
- Siu Lek Yuen, Sha Tin, Hong Kong.
- Why
- Analysts said industrial properties faced a sharp decline in demand, making residential conversion a more viable and profitable path for developers.
This story does not have two clearly opposing sides.
Government-led initiatives to turn the Siu Lek Yuen industrial area into residential housing were intermittent.
Chiaphua Group applied to consolidate two industrial buildings and rezone the site for residential use.
- Applicant
- Chiaphua Group
- Proposed homes
- 928 flats
- Site
- Siu Lek Yuen, Sha Tin
- Buildings
- Two industrial buildings
- Planning authority
- Town Planning Board
- Industry trend
- Industrial property demand had declined sharply, according to analysts.