The family of Hong Kong’s wealthiest man Li Ka-shing said his old mansion in the Chinese city has not been listed for sale, ...

While Hong Kong is not a small place – its area of 1,110 square kilometers is about 1.4 times the size of New York City – its mountainous terrain makes much of its land unsuitable for development.

New World Development Co. outlined plans to sell homes at half of their market price, helping address the city’s housing crisis that’s become a flashpoint for social grievances.