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 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
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
Business

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

Topic |   Hong Kong property
Sandy LiPearl Liu
Sandy Li and Pearl Liu

Updated: 4:57pm, 28 Mar, 2019

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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 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
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
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