Hong Kong launches SkyCity marina project to drive tourism and yacht economy

    Hong Kong launches SkyCity marina project to drive tourism and yacht economy

    Hong Kong’s Airport Authority has launched its marina project as part of the broader SkyCity blueprint, seeking global interest from the yachting, hospitality and water sports sectors to help shape the 200-hectare (494 acres) development, with the first phase scheduled for completion in 2028. Cissy Chan Ching-sze, the authority’s commercial executive director, said on Monday…

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    Hong Kong’s New World Development has shelved plans to acquire the remaining stakes in three commercial sites in Causeway Bay. Photo: Jelly Tse

      New World pulls back on Causeway Bay acquisition amid uneven recovery

      Hong Kong’s New World Development (NWD) has shelved plans to acquire the remaining stakes in three commercial sites in Causeway Bay, signalling continued caution among developers despite signs of improving demand in the core office market. The company, which has been selling assets to reduce debt, said it would “exercise prudence as appropriate, having regard…

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