Key facts
- The mall was completed five years ago but never leased out.
- The sale frees up capital for other projects, analysts said.
Developer CK Asset Holdings sold a vacant Hong Kong shopping mall and parking spaces, a transaction that analysts described as "exceptionally cheap." The mall, located in Sham Shui Po, was completed five years ago as part of the developer's residential project Seaside Sonata but was never leased out. Analysts believe the sale will free up capital for other projects, though the buyer may face challenges attracting tenants in the short term due to the location.