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Exclusive | Hong Kong’s soon-to-open art-storage facility is another draw for family offices

The complex at Skytopia airport city will be ready this year or early next year and enhance Hong Kong’s role as an art-trading centre

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Jason Fong, global head of family office at InvestHK, the airport art-storage facility will nhance Hong Kong’s role as an art-trading centre. Photo: Jonathan Wong

An art-storage facility at the Hong Kong International Airport should be ready later this year or early next year at the latest, according to Jason Fong, global head of family office at InvestHK.

The facility is the last of the eight measures unveiled more than two years ago to be implemented by the government, forming a part of a comprehensive ecosystem for family offices to set up in Hong Kong, Fong said.

“Many wealthy families have collected art to establish their family legacy,” Fong said in an exclusive interview with the Post. “This will allow them to store their collection in a secure and temperature-controlled facility.”

In his first policy address in October 2022, Chief Executive John Lee Ka-chiu announced a goal of attracting at least 200 large family offices by the end of 2025. He unveiled eight measures to attract wealthy individuals to set up family offices to manage their wealth, succession planning, art collections and charity work.
The Skytopia airport city at the Hong Kong International Airport will have a standalone art-storage facility to support art collections and art trading. Photo: Handout
The Skytopia airport city at the Hong Kong International Airport will have a standalone art-storage facility to support art collections and art trading. Photo: Handout

Airport Authority Hong Kong (AAHK) in January unveiled a blueprint for an airport city called Skytopia, which included a stand-alone art-storage facility and other related infrastructure, the city’s largest marina with 500 berths, hotels, fresh food markets and an indoor performance venue for 20,000 spectators.

Skytopia would be a landmark of its own and a world-leading destination, AAHK said.

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