Land prices in Kai Tak, the site of Hong Kong’s former airport, have fallen nearly 18 per cent since May. Photo: Roy IssaLand prices in Kai Tak, the site of Hong Kong’s former airport, have fallen nearly 18 per cent since May. Photo: Roy Issa
Land prices in Kai Tak, the site of Hong Kong’s former airport, have fallen nearly 18 per cent since May. Photo: Roy Issa
Property /  Hong Kong & China

Falling land values indicate developers are pessimistic about Hong Kong property sector’s outlook

  • Market observers say the uncertain economic outlook has made property developers more conservative in their land acquisitions as they look to ride out the downturn
Topic |   Hong Kong property
Lam Ka-sing
Lam Ka-sing

Updated: 2:22pm, 19 Dec, 2018

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Land prices in Kai Tak, the site of Hong Kong’s former airport, have fallen nearly 18 per cent since May. Photo: Roy IssaLand prices in Kai Tak, the site of Hong Kong’s former airport, have fallen nearly 18 per cent since May. Photo: Roy Issa
Land prices in Kai Tak, the site of Hong Kong’s former airport, have fallen nearly 18 per cent since May. Photo: Roy Issa
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