Cheung Kong suspends sales for Yuen Long Montage residential project in Hong Kong, possibly due to required amendments in land lease documents.
CK Asset Holdings has suspended sales for its Montage residential project in Yuen Long, Hong Kong, which was originally scheduled to launch its first batch of units for marketing within days. The company did not explain the reason for the suspension, stating only that it reserves the right to suspend or initiate sales at any time, and denied market speculation that the government had withdrawn its pre-sale consent. Sources indicate that CK Asset may need to negotiate with the government to amend the project's land lease documents, a process expected to take about a month, with sales possibly resuming as early as December. This suspension comes amid widespread scrutiny of construction quality in other projects involving CK Asset's contractors, such as the Kai Tak Development project in Anderson Road, Kwun Tong, where some residential buildings will be demolished and rebuilt.
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