Miami Quay, jointly developed by Wheelock Properties, Henderson Land, New World Development and Empire Group, at Kai Tak pictured on August 5, 2022. Photo: SCMP / Jonathan Wong
Blocked views, temporary housing threaten Kai Tak’s appeal and home prices as Hong Kong proposes 10,700 new flats
- Planned low-income housing in Kai Tak has concerned buyers of premium real estate about the government’s commitment to build a second business district
- Nearby homes with views blocked by new developments could see prices fall 10 to 15 per cent, analysts said
Miami Quay, jointly developed by Wheelock Properties, Henderson Land, New World Development and Empire Group, at Kai Tak pictured on August 5, 2022. Photo: SCMP / Jonathan Wong
