Aerial drone view of the former Kai Tak airport runway, on 31 January 2019. Photo: SCMP/Martin Chan
Hong Kong sells Kai Tak’s biggest residential plot at discount as city’s unrest drives investors to sidelines and saps risk appetite
- A consortium of three developers paid HK$12.74 billion for Area 4A Site 1, with the winning bid coming in below the low end of market valuation
- The consortium comprises K. Wah International Holdings, Wheelock Properties and China Overseas Land & Investment
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Hong Kong property
Aerial drone view of the former Kai Tak airport runway, on 31 January 2019. Photo: SCMP/Martin Chan