Property News · May 2, 2018

Hong Kong developer New World Development to invest US$2.5b in Skycity airport retail complex


New World Development plans to invest HK$20 billion (US$2.55 billion) in Skycity, a commercial entertainment project attached to the Hong Kong International Airport, the company said in a stock exchange announcement on Wednesday.
New World Development’s subsidiary Roxy, which won the tender, will enter into an agreement with the Airport Authority by May 30 and is expected to complete the project in phases starting from 2023 to 2027.
The developer will build a 350,000 sq metre retail…

Source : South China Morning Post
Read more…Hong Kong developer New World Development to invest US.5b in Skycity airport retail complex