Property News · November 7, 2018

Hong Kong builders pay US$1 billion for first plot on runway of old Kai Tak airport


What a difference six months makes.
A plot of prime waterfront land in Hong Kong has sold at a price that is 18 per cent lower than a comparable tender in the same area.
A consortium of four major local developers won the auction for the first residential site on the runway of the former airport at Kai Tak for HK$8.33 billion (US$1.06 billion).
Voyage Mile, a unit of Wheelock Properties, New World Development, Henderson Land Development and Empire Development Hong Kong won the bid, the Lands…

Source : South China Morning Post
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