Skycity: Plans for New Multi-Billion Dollar Mixed-Used Complex in Hong Kong Revealed
© © New World Development
A site close to Hong Kong International Airport will be home to Skycity – a new 2.5 billion US Dollar (approx. 2.1 billion Euro) mixed-used complex for business venues, retail shops and entertainment offerings, which is set to become the largest of its kind in the city’s area.
Roxy Limited – a wholly-owned subsidiary of Hong Kong-based New World Development Company, which is specialized in the construction of real properties and infrastructure – was commissioned with the development of Skycity: In the next few years, a giant building complex with a gross floor area of some 350,000 square meters is set to “arise” from the ground, with Skycity covering a site of 25 hectares. Besides numerous shops and gastronomic offers, some five hectares will comprise an edutainment and leisure area, including Hong Kong’s first indoor and outdoor carting track, interactive AR and VR gaming sites and a designated kiddies’ area. Furthermore, a new hotel is set to open directly adjacent to Skycity in 2020/21 – the hotel will be developed and managed by Regal Hotels Group. Toronto-based Forrec company is part of the design team for the new mixed-used complex.
The new mixed-use complex will be aimed at tourists and locals alike – the ‘Greater Bay Area’ (an approx. 56,000 square kilometers large trade conglomerate of the cities of Hong Kong, Macau, Guangzhou and others) alone counts more than 60 million people. The construction phases of Skycity are scheduled to be completed from 2023 through 2027. (eap)
