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

Topic |   Hong Kong property
Aerial drone view of Kai Tak on 27 September 2019, where residential buildings are under construction. Photo: Martin ChanAerial 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
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