A March 12, 2018 drone’s view of the former Kai Tak Airport site, which has been broken up for sale by the Hong Kong government since 2013 to be turned into retail malls, hotels, luxury apartments and public amenities including a sports ground and a children’s hospital. Photo: SCMP/Roy Issa

Hong Kong sells third housing plot on disused airport runway at 12.7 per cent discount, in another sign of property market woes

  • Kai Tak Area 4B Site 2 sold to a unit of China Overseas Land & Investment for HK$8.03 billion, or HK$13,523 per square foot
  • The latest price tag is a 12.7 per cent discount to the previous plot sold in November, in another clear sign that Hong Kong’s property market has cooled
Topic |   Hong Kong property

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A March 12, 2018 drone’s view of the former Kai Tak Airport site, which has been broken up for sale by the Hong Kong government since 2013 to be turned into retail malls, hotels, luxury apartments and public amenities including a sports ground and a children’s hospital. Photo: SCMP/Roy Issa
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