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

Why Hong Kong developer CK Asset sold a mall at an ‘exceptionally cheap’ price
South China Morning Post Wednesday 28 October 2026, 05:00 UTC By Chris Tsang 1 min read
Key Points

With the “exceptionally cheap” sale of a vacant Hong Kong shopping mall, developer CK Asset Holdings is freeing up capital for other projects, while the buyer will have to be patient because the location will struggle to attract tenants in the short term, according to analysts. The developer completed the mall in its residential project Seaside Sonata on Hai Tan Street in Sham Shui Po five years ago but never leased it out. It recently changed hands along with a batch of parking spaces for...

With the “exceptionally cheap” sale of a vacant Hong Kong shopping mall, developer CK Asset Holdings is freeing up capital for other projects, while the buyer will have to be patient because the location will struggle to attract tenants in the short term, according to analysts. The developer completed the mall in its residential project Seaside Sonata on Hai Tan Street in Sham Shui Po five years ago but never leased it out. It recently changed hands along with a batch of parking spaces for... [Image text:] COMMERCIAL ORL .2888
Hong Kong (LOCATION) CK Asset (ORG) CK Asset Holdings (ORG) Hai Tan Street (PERSON) Sham Shui Po (LOCATION)
Originally published by South China Morning Post Read original →

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