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New World Development Denies Reaching Agreement on '11 SKIES' Project with Hong Kong Airport Authority

GateNews

2026-05-14 10:41:42

On May 14, New World Development denied reaching any agreement with Hong Kong Airport Authority regarding potential changes to its ‘11 SKIES’ project operations, following media reports that the authority had taken over retail and entertainment management of the 2.66 million square feet development. The company stated it remains in ongoing discussions with the authority but has not concluded any arrangements. According to reports, the take-over would cover approximately 70% of the project by area.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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