The case involves a development in Pak Shek Kok, says the Sales of First-hand Residential Properties Authority. Photo: Martin Chan

Sun Hung Kai Properties prosecuted over lack of information on tender for flats in first such case as Hong Kong government tackles opaque sales practices

  • Sales of First-hand Residential Properties Authority says summons has been served to an unnamed developer for a project in Pak Shek Kok, Tai Po
  • Source confirms the case involves SHKP’s project, St Martin
Topic |   Hong Kong property

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The case involves a development in Pak Shek Kok, says the Sales of First-hand Residential Properties Authority. Photo: Martin Chan
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The third-largest residential plot on the runway of the former Kai Tak airport, as of May 3rd, 2019. Area 4C site 2 is in the background. Photo: SCMP / Winson Wong

Kai Tak’s third-largest oceanfront plot sells for a district record HK$12.6 billion as developers snap up land in Hong Kong’s property bull run

  • A consortium of six developers agreed to pay a record HK$12.6 billion for the third-largest plot of residential land on the former Kai Tak airport’s runway
  • The land cost implies that a flat built on the site will need to sell for at least HK$30,000 per square foot, after including the construction cost and a 20 per cent profit margin for the developer
Topic |   Hong Kong property

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The third-largest residential plot on the runway of the former Kai Tak airport, as of May 3rd, 2019. Area 4C site 2 is in the background. Photo: SCMP / Winson Wong
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