EconomyWhy Hong Kong developer CK Asset sold a mall at an ‘exceptionally cheap’ price
Analysts say CK Asset Holdings’ sale of a vacant Hong Kong mall frees capital for other projects, but the buyer may need patience because attracting tenants will be difficult in the short term. The mall, part of the Seaside Sonata residential project on Hai Tan Street in Sham Shui Po, was completed five years ago but was never leased and recently sold with parking spaces.
Why Hong Kong developer CK Asset sold a mall at an ‘exceptionally cheap’ price
Economy