Hong Kong's 11 Skies project, envisioned as a luxury hub near the airport, faces challenges as its target market of affluent mainland Chinese visitors has largely disappeared due to changed economic and travel conditions.
Hong Kong's massive 11 Skies retail and office complex, adjacent to the international airport, is largely vacant with 800 shops empty and only two food outlets open. The Airport Authority plans to reconfigure the space for dining and entertainment, aiming for a 2028 opening, amidst challenges including the Middle East war and changing travel patterns impacting the airport's HK$141.5 billion three-runway system project.
Hong Kong Airport Authority assumes control of 70% of 11 Skies' retail and dining space from New World Development ahead of Terminal 2's opening, significantly reducing New World's role in the HK$20 billion project.
