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

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
READ FULL ARTICLE