Buildings under construction at Kai Tak, where Hong Kong’s airport used to be located. Photo: Felix Wong

Hong Kong developers raise prices of flats by up to 70 per cent as record Kai Tak land sale boosts confidence

Analysts say the surge has been fuelled by a land auction at the site of the city’s former airport which fetched HK$25.16 billion, a record price for a residential plot

Topic |   Hong Kong property

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Buildings under construction at Kai Tak, where Hong Kong’s airport used to be located. Photo: Felix Wong
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