Aerial drone view of the former Kai Tak airport runway, on 31 January 2019. Photo: SCMP/Martin ChanAerial drone view of the former Kai Tak airport runway, on 31 January 2019. Photo: SCMP/Martin Chan
Aerial drone view of the former Kai Tak airport runway, on 31 January 2019. Photo: SCMP/Martin Chan
Business

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
Topic |   Hong Kong property
Lam Ka-singPearl Liu
Lam Ka-sing and Pearl Liu

Updated: 3:45pm, 30 Jul, 2019

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Aerial drone view of the former Kai Tak airport runway, on 31 January 2019. Photo: SCMP/Martin ChanAerial drone view of the former Kai Tak airport runway, on 31 January 2019. Photo: SCMP/Martin Chan
Aerial drone view of the former Kai Tak airport runway, on 31 January 2019. Photo: SCMP/Martin Chan
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