Hong Kong's Urban Renewal Authority approved the redevelopment of the Mong Kok Flower Market, which is seen to host about 1,350 residential units, The Standard reported Thursday.
The redevelopment will have a total area of 316,000 square feet across six sites, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)