HNA Group, the biggest buyer of land in Hong Kong last year, said it is aiming to build and sell apartments at cost for its staff at the former Kai Tak airport site, part of a plan to muscle into the city’s real estate industry.
The conglomerate, which paid HK$27.2 billion (US$3.5 billion) over a four-month period for four parcels of land in Kai Tak, said its aggressive bids – setting one price record after another, often 50 per cent above valuations – were motivated by the…
Source : South China Morning Post
Read more…HNA to sell flats to Hong Kong staff at cost after muscling into city’s real estate, founder says















