The largest residential site at Hong Kong’s former Kai Tak airport has been sold to a consortium of five major developers including Henderson Land Development and Wheelock Properties for HK$9.89 billion (US$1.26 billion), matching the low end of expectations as developers adopt a cautious market outlook.The Lands Department awarded the tender for the plot, which can yield 722,060 sq ft in gross floor area, to Infinite Sun on Tuesday.Other members of the alliance include China Overseas Land &…
Source : South China Morning Post
Read more…Former Hong Kong airport site sells for low end of expectations, signalling caution as major developers scout for residential land
