Property News · June 6, 2019

Analysts slash forecasts on old Hong Kong airport land tender as chill descends on local property market


A residential plot to be tendered on the old runway at Kai Tak could fetch bids 10 to 33 per cent lower than sales that took place in May, as the escalation of the US-China trade war sends a sudden chill through the city’s property market after hitting a record last week.The site, located at area 4A site 1, has a limited view of Victoria Harbour and can yield 1.08 million sq ft of gross floor area. The land tender will close on July 19.“The uncertainties brought by the trade war have damaged…

Source : South China Morning Post
Read more…Analysts slash forecasts on old Hong Kong airport land tender as chill descends on local property market

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