Most units in the building, pictured, have been left empty, while ground level shops have been leased to different retailers. Photo: SCMP Handout
Most units in the building, pictured, have been left empty, while ground level shops have been leased to different retailers. Photo: SCMP Handout

Derelict buildings on prime site in Causeway Bay may finally be in line for redevelopment as two families sell their minority stake for up to HK$1.8 billion

  • A 20 per cent share of the plot in one of the Hong Kong’s busiest shopping districts will be put up for tender, potentially netting the two owners HK$1.8 billion (US$231 million)
  • It clears the way for the majority owner to buy the stake and force the sale of the remainder of the plot for renovation

Most units in the building, pictured, have been left empty, while ground level shops have been leased to different retailers. Photo: SCMP Handout
Most units in the building, pictured, have been left empty, while ground level shops have been leased to different retailers. Photo: SCMP Handout
READ FULL ARTICLE