Property
New World Development, deep in debt, may be looking to sell centerpiece 11 Skies mall
Commercial complex 11 Skies is set to be one of the largest malls in Hong Kong. (Photo by Kensaku Ihara)
KENSAKU IHARA
September 30, 2025 03:31 JST
HONG KONG — A 100 billion Hong Kong dollar ($12.8 billion) urban development plan near Hong Kong’s international airport has hit turbulence, as a centerpiece shopping mall struggles to find tenants and developer New World Development grapples with severe financial difficulties.
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