Chinese billionaire billionaire David Cheng , VC of New World Development , has announced his latest art and culture destination . Victoria Dockside on Hong Kong 's waterfront covers three million sq ft and has been 10 years in planning . The project cost $ 2.6bn and the site is now valued at $ 10bn-$12bn . Cheng opened his first art centre concept in 2009 , combining shopping with art . He took the idea to four more cities , including Shanghai , where his K11 centre has featured artists from Monet to Picasso . AMJuly 04 2018, 1:59 PM Cheng 's ethos is " to create an ecosystem of carefully curated elements of art and culture " .
Chinese billionaire billionaire David Cheng , VC of New World Development , has announced his latest art and culture destination . Victoria Dockside on Hong Kong 's waterfront covers three million sq ft and has been 10 years in planning . The project cost $ 2.6bn and the site is now valued at $ 10bn-$12bn . Cheng opened his first art centre concept in 2009 , combining shopping with art . He took the idea to four more cities , including Shanghai , where his K11 centre has featured artists from Monet to Picasso . Cheng 's ethos is " to create an ecosystem of carefully curated elements of art and culture " .