Building continues unabated at the site of the old airport at Kai Tak. Photo: SCMP
Runaway Hong Kong land prices spark renewed calls to bring back auctions to replace tendering
HNA’s purchase of a third residential site at Kai Tak area for HK$13,000 per square foot is being viewed as the main reason for the 27pc rise in land prices between December and January.
Building continues unabated at the site of the old airport at Kai Tak. Photo: SCMP