Sun Hung Kai Properties has prevailed in a lacklustre tender for a plot of residential land at Hong Kong’s former Kai Tak airport site, paying a record HK$25.16 billion (US$3.2 billion) for the city’s most expensive land parcel, according to data provided by the Lands Department.
The Kai Tak Arera 1F Site 1 parcel, located next to the Kai Tak subway station, can yield a gross floor area of 1.42 million sq ft.
“It is the new land king. It will fuel further rise in home prices…
Source : South China Morning Post
Read more…Sun Hung Kai pays HK.1 billion for Hong Kong’s costliest residential land at Kai Tak















