Goldin Financial is selling Kai Tak 4B Site 4, pictured, for HK$7.04 billion, having paid HK$8.91 billion for it in November, 2018. Photo: Roy Issa Goldin Financial is selling Kai Tak 4B Site 4, pictured, for HK$7.04 billion, having paid HK$8.91 billion for it in November, 2018. Photo: Roy Issa
Goldin Financial is selling Kai Tak 4B Site 4, pictured, for HK$7.04 billion, having paid HK$8.91 billion for it in November, 2018. Photo: Roy Issa

Hong Kong developer loses record US$331.5 million on resale of residential land at Kai Tak as coronavirus darkens market outlook

  • Goldin, a developer controlled by billionaire Pan Sutong, suffered a HK$2.57 billion loss on the residential plot at former airport site
  • Developer said it needed to raise cash amid the uncertainty caused by the Covid-19 pandemic

Topic |   Hong Kong property
Goldin Financial is selling Kai Tak 4B Site 4, pictured, for HK$7.04 billion, having paid HK$8.91 billion for it in November, 2018. Photo: Roy Issa Goldin Financial is selling Kai Tak 4B Site 4, pictured, for HK$7.04 billion, having paid HK$8.91 billion for it in November, 2018. Photo: Roy Issa
Goldin Financial is selling Kai Tak 4B Site 4, pictured, for HK$7.04 billion, having paid HK$8.91 billion for it in November, 2018. Photo: Roy Issa
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