{
  "id": 10961460,
  "title": "New World to hand over 11 Skies project in April",
  "url": "https://urgent.news/2026/09/30/new-world-to-hand-over-11-skies-project-in-april",
  "topic": "world",
  "section": "World",
  "published": "2026-09-30T14:28:09.000Z",
  "source": {
    "name": "RTHK English",
    "slug": "rthk-english",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1872203-20260930.htm"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Airport Authority (AA) has reached an agreement with New World Development to terminate the sublease of the 11 Skies development project early, with the property developer handing over the complex and its assets to the authority on April 1 next year. The 11 Skies project, situated near Hong Kong International Airport and the Hong Kong-Zhuhai-Macao Bridge, is part of the HK$100 billion Skytopia mega project, which aims to transform the area into a world-class destination for tourism and business activities. New World Development Chairman Fred Lam emphasized that the project is more than a typical shopping complex, as it will feature large-scale entertainment facilities and experience-driven offerings, making it a unique entertainment hub within Skytopia.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "RTHK News",
        "title": "New World to hand over 11 Skies project in April",
        "url": "https://urgent.news/2026/09/30/new-world-to-hand-over-11-skies-project-in-april-10962424",
        "published": "2026-09-30T14:28:09.000Z"
      },
      {
        "outlet": "SCMP Business",
        "title": "New World Development posts HK$26.8b loss after 11 Skies termination",
        "url": "https://urgent.news/2026/09/30/new-world-development-posts-hk-26-8b-loss-after-11-skies-termination",
        "published": "2026-09-30T14:46:27.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: New World Development posts first profit in 3 years in H2 2026",
        "url": "https://urgent.news/2026/09/30/earnings-call-transcript-new-world-development-posts-first-profit-in",
        "published": "2026-09-30T17:05:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}