Property News · September 20, 2019

Abandoned HK$11.1 billion Kai Tak commercial plot has its wings clipped by protests, is back on market for 40 per cent less


A commercial site on the runway of Hong Kong’s former airport that was abandoned because of “social contradiction and economic instability” on June 11, following a successful record bid of HK$11.1 billion (US$1.4 billion), is back on the market – but may be worth 40 per cent less.The Lands Department said on Friday that five bids had been received for the plot, Area 4C Site 4, on the Kai Tak runway. The plot has a gross floor area of 863,000 sq ft and received six bids in May, before the start…

Source : South China Morning Post
Read more…Abandoned HK.1 billion Kai Tak commercial plot has its wings clipped by protests, is back on market for 40 per cent less

You may also like...