Land at Kai Tak, the site of Hong Kong’s former airport, has quadrupled in the last six years. Photo: Winson Wong

Hong Kong’s sky-high land prices force local developers to seek opportunities elsewhere

  • Far East, Swire Properties and Nan Fung are among the builders who have announced new projects abroad as it becomes more difficult to buy land at home
  • At Kai Tak, the site of the city’s former airport, the land price has almost quadrupled to HK$19,636 per square foot in the last six years
Topic |   International Property

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Land at Kai Tak, the site of Hong Kong’s former airport, has quadrupled in the last six years. Photo: Winson Wong
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