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The shipyard owned by CK Hutchison has requested the Hong Kong Town Planning Board to change the zoning of the land where HUD is situated in Tsing Yi. The proposal includes 19.9 hectares of land, which comprises both the HUD and the adjoining vacant Government land. HUD, which was established in 1972, operates a 100,000 square meter dockyard. At present, the land is designated for industrial use, but the proposal seeks to rezone it for housing.
According to the shipyard, this proposal aims to alleviate Hong Kong’s housing needs by making use of large-scale industrial and government land that has been idle. The redevelopment plan aims to construct 10,370 private residential units and 4,700 public housing units to address Hong Kong’s housing needs. The shipyard has acknowledged the proposal as a medium-to-long-term solution and expressed its willingness to make appropriate arrangements for its current business operations.
CK Asset Holdings (CKAH), formerly known as Cheung Kong Property Holdings, is a Hong Kong-based real estate investment and development company. It is a subsidiary of CK Hutchison Holdings, a multinational conglomerate founded by Hong Kong tycoon Li Ka-shing.
CKAH has a diversified portfolio of properties, including residential, commercial, and industrial properties in Hong Kong and other parts of the world. The company is involved in the development, investment, and management of properties, and has a track record of successful projects in various sectors. The company has a strong presence in Hong Kong, where it is one of the largest property developers. It has also expanded its operations to other parts of the world, including mainland China, the United Kingdom, Australia, and North America.
In addition to its property development and investment activities, CKAH is also involved in other businesses such as infrastructure, energy, and telecommunications through its parent company CK Hutchison Holdings. CKAH is known for its commitment to sustainability and has been recognized for its efforts to reduce carbon emissions and promote environmental sustainability in its operations.
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