Amid a general decline in home and land prices, the market valuation of plot Area 4E Site 1 ranges from HK$3.28 billion to HK$3.94 billion. Photo: Winson Wong
Number of bids for Kai Tak residential plot falls below 2017 market peak, as recession, pandemic weigh on developer appetite
- Bids could be conservative, given the recent economic environment, Knight Frank executive says
- 10 bids have been submitted by developers such as Sun Hung Kai Properties, CK Asset Holdings and Sino Land, among others
Amid a general decline in home and land prices, the market valuation of plot Area 4E Site 1 ranges from HK$3.28 billion to HK$3.94 billion. Photo: Winson Wong
