The first residential plot at the site of Hong Kong’s former airport put on sale by the government this year has drawn a less than enthusiastic response from developers.The tender of Area 4E Site 1 at Kai Tak closed on Friday and drew 10 bids, according to the Lands Department. Residential plots at the former airport drew on average more than 16 bids during a market peak in 2017, according to JLL data.The response reflects caution among developers amid a recession, the coronavirus pandemic and…
Source : South China Morning Post
Read more…Number of bids for Kai Tak residential plot falls below 2017 market peak, as recession, pandemic weigh on developer appetite















