The largest residential site at Hong Kong’s former Kai Tak airport received fewer than expected bids when a government tender closed at noon on Friday, as property developers take a more cautions stance on the local property market following recent downgrades to the city’s economic outlook.The plot designated Area 4A Site 1, located on the former runway with a gross floor area of 1.08 million square feet, received at least four known bids from CK Asset Holdings, Sun Hung Kai Properties, a…
Source : South China Morning Post
Read more…Hong Kong land sale at former Kowloon airport receives muted response from developers















