Li Ka-shing’s unfilled towers show deepening downturn

The struggles of Li’s premium properties reflect the prolonged weakness in Hong Kong’s office market. — Bloomberg

HONG KONG: No one’s property in Hong Kong epitomises the pain in the office market better than real estate legend Li Ka-shing’s.

CK Asset Holdings Ltd’s crown jewel Cheung Kong Centre in Central has been about a quarter empty for the past year while its nearby new glassy tower has just 10% of its space leased.