HONG KONG -- A 100 billion Hong Kong dollar ($12.8 billion) urban development plan near Hong Kong's international airport has hit turbulence, as a centerpiece shopping mall struggles to find tenants and developer New World Development grapples with severe financial difficulties.
Property
Hong Kong's $13bn airport city plans squeezed by developer's cash crunch
New World Development, deep in debt, may be looking to sell centerpiece 11 Skies mall
Commercial complex 11 Skies is set to be one of the largest malls in Hong Kong. (Photo by Kensaku Ihara)
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