A consortium of Hong Kong developers bought the most valuable parcel of residential land on the runway of the city’s former airport for a discount, as six months of the city’s worst political crisis sent the local property market into a tailspin.China Overseas Land & Investment, Henderson Land Development, K. Wah International Holdings and Wharf Development together paid HK$15.95 billion (US$2.04 billion) for Area 4A Site 2 at the former Kai Tak airfield, barely meeting the lower end of a price…
Source : South China Morning Post
Read more…Developers pick up Kai Tak’s most valuable harbourfront land plot at 27 per cent discount as protests send property market into tailspin















