Hong Kong’s Ambitious $13 Billion Airport City Project Faces Development Hurdles Amid Cash Crunch Challenges

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…

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Hong Kong’s airport eyes HK$70 billion for ‘Skytopia’ from global investors

Hong Kong’s airport eyes HK$70 billion for ‘Skytopia’ from global investors

Hong Kong’s Airport Authority will scour the globe to secure HK$70 billion (US$9 billion) of investment to help fund an expansion to an infrastructure project billed as a “landmark of Asia”. Cissy Chan Ching-sze, the authority’s commercial executive director, said on Thursday the body would cover the remaining HK$30 billion of the HK$100 billion expansion…

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Hong Kong’s airport eyes HK$70 billion for ‘Skytopia’ from global investors

Hong Kong’s airport eyes HK$70 billion for ‘Skytopia’ from global investors

Hong Kong’s Airport Authority will scour the globe to secure HK$70 billion (US$9 billion) of investment to help fund an expansion to an infrastructure project billed as a “landmark of Asia”. Cissy Chan Ching-sze, the authority’s commercial executive director, said on Thursday the body would cover the remaining HK$30 billion of the HK$100 billion expansion…

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