Property News · November 8, 2019

Kai Tak runway parcel tender receives muted response even after valuation is cut by 15 per cent


The tender for a sea-facing parcel on the runway of Hong Kong’s former airport received only four bids even after its valuation was cut by 15 per cent to reflect the worsening state of the city’s economy after five months of social unrest, US-China trade war and looming vacancy tax.Sun Hung Kai Properties, CK Asset, Sino Land and a consortium of China Overseas Land & Investment, Henderson Land Development, The Wharf (Holdings) and K Wah International put in bids for the residential parcel, Area…

Source : South China Morning Post
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