The Hong Kong government’s plan to add 16,000 residential units and 4.3 million sq ft of commercial space in the Kai Tak area – which will be within a 30 minute train ride to Admiralty by 2021 – is likely to stir up a fierce bidding war for land sites among deep-pocketed developers keen to establish a foothold in the city’s next core business district.
Residential land prices in Kai Tak, the site of the city’s old airport, have surged 160 per cent since 2013 to HK$13,600…
Source : South China Morning Post
Read more…Hong Kong’s Kai Tak area to see bidding war among developers















