The runway of Hong Kong’s former Kai Tak airport site protruding into Victoria Harbour. The site has been converted into a residential, commercial and retail area as an important part of the transformation of East Kowloon into a central business district.
Photo: Martin Chan
The runway of Hong Kong’s former Kai Tak airport site protruding into Victoria Harbour. The site has been converted into a residential, commercial and retail area as an important part of the transformation of East Kowloon into a central business district. Photo: Martin Chan

Outlook dims on Kai Tak’s waterfront land as Hong Kong’s Northern Metropolis plan and land conversion add to city’s supply glut

  • Five plots of housing land at Kai Tak, valued at a combined HK$71.3 billion (US$9.15 billion), may fail to live up to expectations when they go on sale, analysts said
  • One of the plots was sold last week at a discount of 10.8 per cent from its purchase price in 2018

Topic |   Hong Kong land sale
The runway of Hong Kong’s former Kai Tak airport site protruding into Victoria Harbour. The site has been converted into a residential, commercial and retail area as an important part of the transformation of East Kowloon into a central business district.
Photo: Martin Chan
The runway of Hong Kong’s former Kai Tak airport site protruding into Victoria Harbour. The site has been converted into a residential, commercial and retail area as an important part of the transformation of East Kowloon into a central business district. Photo: Martin Chan
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