Property News · May 11, 2018

Kai Tak plot could fetch US$3.25 billion, smashing records for Hong Kong land sales


Developers bidding for what could become the most expensive plot of residential land in Hong Kong’s history are forming consortiums in what analysts say may be an attempt to spread the financial risk.
At least five bids had been submitted for the parcel on the site of Hong Kong’s former airport, known as Kai Tak Area IF, Site 1, next to Kai Tak MTR station, when the tender closed at noon on Friday. The Lands Department will announce the final number of bids for the site later today…

Source : South China Morning Post
Read more…Kai Tak plot could fetch US.25 billion, smashing records for Hong Kong land sales