Sunday, 09 August 2026 · World
USD/EUR 0.8659 USD/GBP 0.7422 USD/JPY 157.9 USD/CNY 6.765 All rates →
RSS
EUROS The World Financial Report
Nº 29 Sunday, 09 August 2026 · World Edition
LATEST
Asia

Derelict cinema on scenic Hong Kong island up for auction with a US$1 million price tag

Business - South China Morning Post · 1h ago · 🇨🇳 China
Derelict cinema on scenic Hong Kong island up for auction with a US$1 million price tag

Peng Chau Cinema, an Instagrammable spot for tourists on an outlying Hong Kong island, will be auctioned off in mid-August at a valuation 30 per cent below estimation after almost 40 years of abandonment – a dormancy lengthy enough to fuel dark rumours among some residents. The former cinema is currently owned by Far East Hotels and Entertainment Limited, whose major shareholder is Derek Chiu, the sixth son of Deacon Chiu – founder of Far East Consortium. After its opening in 1978, the site was...

Read the full story at Business - South China Morning Post →