Under construction residential buildings at the site of Hong Kong’s former airport at Kai Tak. Photo: Martin Chan
‘Out of touch’ Hong Kong withdraws Kai Tak commercial plot from sale following tepid bids by developers amid economic contraction in city
- Plot at former Kai Tak airport site withdrawn from sale after bids fail to meet government’s reserve price
- Valuers had cut estimates for plot by as much as 20 per cent to between HK$6.38 billion and HK$10.44 billion
Under construction residential buildings at the site of Hong Kong’s former airport at Kai Tak. Photo: Martin Chan
