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  • Plot at former Kai Tak airport site withdrawn from sale after bids fail to meet government’s reserve price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
Topic |   Hong Kong land sale
Under construction residential buildings at the site of Hong Kong’s former airport at Kai Tak. Photo: Martin Chan
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