{"id":172630,"date":"2026-09-24T13:00:05","date_gmt":"2026-09-24T06:00:05","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-office-vacancy-rates-spur-bid-to-rezone-kowloon-east-site-for-residential-development\/"},"modified":"2026-09-24T13:19:58","modified_gmt":"2026-09-24T06:19:58","slug":"high-office-vacancy-rates-spur-bid-to-rezone-kowloon-east-site-for-residential-development","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-office-vacancy-rates-spur-bid-to-rezone-kowloon-east-site-for-residential-development\/","title":{"rendered":"High office vacancy rates spur bid to rezone Kowloon East site for residential development"},"content":{"rendered":"


\nWith office vacancy rates in Kowloon East remaining high, the Planning Department has indicated it has \u201cno objection\u201d to a request by some developers for a commercial project in the area to be rezoned for residential development.
\nA consortium comprising CSI Properties, Asia Standard International and Chongqing-born property tycoon Cheung Chung-kiu has submitted an application to the Town Planning Board to rezone Harbourside HQ \u2013 a grade A office building at 8 Lam Chak Street, Kowloon Bay, which…
\n
\nSource : South China Morning Post
\nRead more…High office vacancy rates spur bid to rezone Kowloon East site for residential development<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With office vacancy rates in Kowloon East remaining high, the Planning Department has indicated it...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-172630","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-IUm","jetpack-related-posts":[{"id":33858,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bids-flood-in-for-east-kowloon-site-as-developers-shrug-off-cooling-measures\/","url_meta":{"origin":172630,"position":0},"title":"Bids flood in for East Kowloon site as developers shrug off cooling measures","date":"November 11, 2016","format":false,"excerpt":"\r At least 11 developers on Friday submitted bids for a residential site in eastern Kowloon, suggesting that the stamp duty introduced last week as the latest property market-cooling measure has not dampened their appetite for land. Hong Kong developers Henderson Land Development, Sino Land and Sun Hung Kai Properties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-wins-luxury-residential-site-in-kowloon-tong-for-record-price\/","url_meta":{"origin":172630,"position":1},"title":"Wharf wins luxury residential site in Kowloon Tong for record price","date":"January 16, 2018","format":false,"excerpt":"\r The Wharf (Holdings) outbid nine developers to win a residential site designated for luxury development in Kowloon Tong for HK$28,530 (US$3,646.13) per square foot, a new record for Kowloon. The Lands Department awarded the parcel of land to the highest bidder, Alpha Pioneer, a wholly owned subsidiary of Wharf,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-hong-kongs-cultural-hub-of-west-kowloon-emerging-as-central-2-0\/","url_meta":{"origin":172630,"position":2},"title":"Is Hong Kong\u2019s cultural hub of West Kowloon emerging as \u2018Central 2.0\u2019?","date":"May 10, 2026","format":false,"excerpt":"\r Hong Kong\u2019s West Kowloon is poised to emerge as the second-most important office sub-market after Central with the completion of new buildings that will accommodate banks and insurance companies, according to industry officials. However, there was expected to be limited demand from newcomers or via corporate expansion, with leasing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kowloon-east-site-attracts-nine-bids-as-hong-kong-housing-outlook-brightens\/","url_meta":{"origin":172630,"position":3},"title":"Kowloon East site attracts nine bids as Hong Kong housing outlook brightens","date":"February 6, 2026","format":false,"excerpt":"\r Hong Kong\u2019s tender for a 3,132 square metre (33,712 sq ft) residential plot in Ngau Tau Kok, Kowloon East, has drawn nine bids, according to the Development Bureau. The site was estimated to be worth as much as HK$1.55 billion (US$198 million), according to real estate services provider CBRE.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-cecil-chao-experiments-with-co-living-to-avoid-hong-kongs-looming-vacancy-tax\/","url_meta":{"origin":172630,"position":4},"title":"Billionaire Cecil Chao experiments with co-living to avoid Hong Kong\u2019s looming vacancy tax","date":"October 30, 2019","format":false,"excerpt":"\r Billionaire Cecil Chao Sze-tsung\u2019s Cheuk Nang (Holdings) is offering seven flats at its One Kowloon Peak luxury residential project as co-living units in a bid to avoid vacancy tax amid downbeat sentiment.\u201cThe penalty is quite high if you do not lease them. If it [vacancy tax] is really implemented,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-land-buys-53-year-old-kowloon-residential-block-for-us216m\/","url_meta":{"origin":172630,"position":5},"title":"Henderson Land buys 53-year-old Kowloon residential block for US$216m","date":"June 13, 2017","format":false,"excerpt":"\r Henderson Land Development, chaired by property tycoon Lee Shau-kee, has paid the reserve price of HK$1.689 billion (US$216.56 million) for a 53-year-old residential block in Tai Kok Tsui, an area west of Mong Kok in Kowloon, which it aims to redevelop. With government land sales remaining scarce, the Hoi\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172630"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=172630"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172630\/revisions"}],"predecessor-version":[{"id":172631,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172630\/revisions\/172631"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=172630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=172630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=172630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}