CK Asset Holdings, a Hong Kong developer, has sold a vacant shopping mall and a batch of parking spaces within its Seasi
CK Asset Holdings, a Hong Kong developer, has sold a vacant shopping mall and a batch of parking spaces within its Seaside Sonata residential project on Hai Tan Street, Sham Shui Po, for HK$179.77 million (approximately US$23 million). Analysts noted that the mall, completed five years ago but never leased, was sold at an "exceptionally cheap" price to free up capital for the company's other projects. The new buyer is Assets Master, but attracting tenants in the short term will be challenging due to the mall's low foot traffic location.
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