The successful bid for the Kai Tak Area 4B Site 1 ranks as the second lowest for a purely residential plot on the former Kai Tak runway site. Photo: Martin Chan
Former Hong Kong airport site sells at low end of expectations, signalling caution as major developers scout for residential land
- The largest residential site at the former Kai Tak airport has been sold to a consortium of four major developers for HK$9.89 billion (US$1.26 billion)
- The plot can yield 722,060 sq ft in gross floor area
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Hong Kong property
The successful bid for the Kai Tak Area 4B Site 1 ranks as the second lowest for a purely residential plot on the former Kai Tak runway site. Photo: Martin Chan