Landlord plans to raise the rent for the prime retail space to HK$2.21 million, according to property agents.

The pricing is about 20 per cent below second-hand properties in the district in the New Territories, Midland Realty says.

Despite a 42 per cent slide over the past six years, prime office rents in Hong Kong remained the most expensive in the region.

The 22-storey luxury property in Macau’s Coloane district was estimated last year to be worth US$309 million.

Two groups of creditors, holding about 26 per cent of Sunac’s existing debt, could choose to receive two types of mandatory convertible bonds.