Goldin Financial Holdings has forfeited its right to proceed with the purchase of the commercial site awarded at Kai Tak less than a month ago. Photo: Martin Chan
Hong Kong developer walks away from HK$11.1 billion Kai Tak project, citing ‘social contradiction and economic instability’
- Goldin Financial’s strategic U-turn reflects the biggest change of heart by a major Hong Kong company since escalation of trade war
- Property analysts say they will monitor for further signs the property market has softened
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Hong Kong property
Goldin Financial Holdings has forfeited its right to proceed with the purchase of the commercial site awarded at Kai Tak less than a month ago. Photo: Martin Chan