The ongoing protests in Hong Kong have dampened property developers’ participation in land tenders. Photo: AP Photo

Kai Tak runway parcel tender receives muted response even after valuation is cut by 15 per cent

  • Only Sun Hung Kai Properties, CK Asset and two consortiums led by Sino Land and China Overseas Land & Investment submit bids for sea-facing parcel on the runway of Hong Kong’s former airport
  • Knight Frank cuts valuation for the plot by 15 per cent to HK$19.8 billion
Topic |   Hong Kong property

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The ongoing protests in Hong Kong have dampened property developers’ participation in land tenders. Photo: AP Photo
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Only 215 shops changed hands in Hong Kong last month, down 42 per cent year on year because of the protests, according to Centaline Commercial. Photo: Bloomberg

Hong Kong agencies Centaline, Midland see commercial property agents depart as deals plunge amid protests

  • About 40 people each have either been sacked or have left Centaline Commercial and Midland IC&I
  • Joseph Tsang of JLL says agencies’ business models to blame for departures
Topic |   Hong Kong property

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Only 215 shops changed hands in Hong Kong last month, down 42 per cent year on year because of the protests, according to Centaline Commercial. Photo: Bloomberg
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