Property News · July 10, 2018

Market abuzz as to where subsidised housing sites will be at former Hong Kong airport site


Betting on who will win the 2018 Fifa World Cup has become so banal. 
Homebuyers in Hong Kong are gripped by an intrigue that is far more captivating: guessing where exactly the government plans to reassign land at the former Kai Tak airport to build subsidised flats on.
These are potentially red-hot prime spots, for not-so-prime prices.
Two months ago, Sun Hung Kai Properties paid a record HK$25.16 billion (US$3.21 billion) for a site that can yield a total gross floor area of 1.4 million…

Source : South China Morning Post
Read more…Market abuzz as to where subsidised housing sites will be at former Hong Kong airport site