Key facts
- The 11 Skies project near Hong Kong International Airport is reportedly facing a reset.
- Reports indicate the Airport Authority may take majority control of the project.
- The project is a large retail, entertainment, and commercial complex.
The 11 Skies project, a large retail, entertainment, and commercial complex situated beside Hong Kong International Airport, is reportedly facing a significant reset. Recent reports suggest that the Airport Authority might take majority control of the project from its current private developer. This potential shift has ignited discussions regarding the allocation of costs and the strategic decisions made during the project's development. The business plan for 11 Skies appears to be built for a previous economic landscape, leading to its current challenges.