InfrastructureNotableReportedDeveloping
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Hong Kong Airport Authority severs 11 Skies contract with New World, cites partner debt
South China Morning PostLO·HK·1 day ago
The Airport Authority will take over the 11 Skies commercial project from New World Development in April 2026, with the government aiming to reposition it as a high-end tourism landmark with minimal public investment. The handover follows NWD's decision to return the project, signaling a shift in Hong Kong's commercial real estate strategy amid ongoing market challenges.