The fourth residential plot at the city’s former Kai Tak airport, regarded as the most scenic, has missed analyst expectations, as slightly fewer than expected developers submitted tenders on Friday, reflecting downbeat sentiment as home prices come under further pressure.
The 117,900 square foot plot, located on land jutting out into Victoria Harbour on what was Hong Kong airport’s former runway, fetched six bids at the closure of tender at noon, falling short of Knight Frank…
Source : South China Morning Post
Read more…Scenic site at Kai Tak draws fewer than expected bids from property developers
