Property News · August 25, 2020

Hong Kong’s iconic State Theatre to be preserved under New World’s multibillion-dollar redevelopment plan


New World Development has agreed to preserve the State Theatre Building for its historical value as the Hong Kong developer prepares to acquire the rest of the site under a multibillion-dollar redevelopment plan.The 68-year old theatre on 277-291 King’s Road in North Point was classified as a Grade 1 historic building in 2017.The Hong Kong developer, controlled by Hong Kong’s third-richest family of Henry Cheng Kar-shun, has won the government’s approval to launch a compulsory acquisition of…

Source : South China Morning Post
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