
Hong Kong’s Ambitious $13 Billion Airport City Project Faces Development Hurdles Amid Cash Crunch Challenges
An ambitious 100 billion Hong Kong dollar (approximately $12.8 billion) urban development project near Hong Kong’s international airport is facing significant challenges. At the heart of this venture lies 11 Skies, a massive shopping mall that has struggled to attract tenants as the developer, New World Development, finds itself in a precarious financial position. Despite…