Property investment

A general view of Kai Tak Site. Photo: Bruce Yan

HNA pays HK$5.53 billion for its third land parcel at Kai Tak site

HNA Group, which owns hotels and golf courses in addition to its control of Hainan Airlines, has bought its third parcel of development land at Kai Tak, bringing its total shopping bill at Hong Kong’s former airport site to HK$20 billion in three months.