'11 Skies to merge with HK$100bn Skytopia project'

Airport Authority (AA) reveals that 11 Skies will undergo a significant transformation, merging with a HK$100 billion mega project named Skytopia. This venture aims to revamp the area surrounding the airport into a global entertainment destination. Cissy Chan, AA’s executive director of commercial, explained that half of the 3.8 million-square-foot 11 Skies will be repurposed for entertainment attractions, including a go-kart track, while the remaining area will cater to dining and retail.

Notably, a direct-delivery fresh market previously intended for an outdoor setting will relocate indoors. Retail outlets will shift from traditional luxury brands to more experimental offerings.

The transformation of 11 Skies to Skytopia was finalized after negotiations between the Airport Authority and New World Development. The developer agreed to compensate over HK$3 billion in cash and cash equivalents for terminating the sublease of the 11 Skies project. Chan confirmed that New World Development will continue to manage two of the entertainment venues within Skytopia.

The fully revamped 11 Skies is projected to open between late 2028 and 2029, with Chan expressing optimism that most of the space will be leased by then.

Julian Lee, AA’s Executive Director of Finance, disclosed that all financial contributions made by New World Development will be directed towards the operational costs of the project. The two parties agreed not to pursue legal action, prioritizing Hong Kong’s long-term growth.