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南華早報·香港· Chris Tsang·· 5 hours agoAI score42

CK Asset Sells Sham Shui Po Hai Tan Street Mall at 'Unusually Cheap' Price

Why Hong Kong developer CK Asset sold a mall at an ‘exceptionally cheap’ price

AI briefing

The mall at Seaside Sonata, CK Asset's residential project on Hai Tan Street in Sham Shui Po, has never been leased in the five years since completion and has recently been sold together with a batch of car parking spaces at an 'unusually cheap' price. Analysts say CK Asset is using the sale to release capital for other projects, while the buyer will need patience as the location is unlikely to attract tenants in the short term.

Source: 南華早報·香港 · scmp.com