Aerial drone view of Kai Tak on 27 September 2019, where residential buildings are under construction. Photo: Martin Chan
Aerial drone view of Kai Tak on 27 September 2019, where residential buildings are under construction. Photo: Martin Chan

Developers pick up Kai Tak’s most valuable harbourfront land plot at 27 per cent discount as protests send property market into tailspin

  • China Overseas Land & Investment, Henderson Land Development, K. Wah International Holdings and Wharf Development together paid HK$15.95 billion (US$2.04 billion) for Area 4A Site 2 at Kai Tak
  • The winning bid translates to HK$13,238 per square foot, barely meeting the lower end of valuations, which had already been cut by 20 per cent from June

Aerial drone view of Kai Tak on 27 September 2019, where residential buildings are under construction. Photo: Martin Chan
Aerial drone view of Kai Tak on 27 September 2019, where residential buildings are under construction. Photo: Martin Chan
READ FULL ARTICLE