CK Asset plans to turn industrial zone near Hong Kong’s Sha Tin Racecourse into residential area with 4,700 flats, school

Developer CK Asset has proposed turning an industrial area near Hong Kong’s Sha Tin Racecourse in the New Territories into a residential area that can accommodate 4,700 flats.The flagship company of tycoon Li Ka-shing submitted an application for the rezoning of the land in the East Fo Tan Industrial Area to the Town Planning Board through a company called Hybonia Limited, according to a statement from the developer’s spokeswoman.“If the Town Planning Board approves it, CK Asset will become a…

CK Asset plans to turn industrial zone near Hong Kong’s Sha Tin Racecourse into residential area with 4,700 flats, school
Developer CK Asset has proposed turning an industrial area near Hong Kong’s Sha Tin Racecourse in the New Territories into a residential area that can accommodate 4,700 flats.The flagship company of tycoon Li Ka-shing submitted an application for the rezoning of the land in the East Fo Tan Industrial Area to the Town Planning Board through a company called Hybonia Limited, according to a statement from the developer’s spokeswoman.“If the Town Planning Board approves it, CK Asset will become a…