Property News · November 9, 2018

Surveyors cut valuations of plot at Kai Tak to February levels as tender draws muted response


Surveyors have slashed their valuations for a plot of land on the site of Hong Kong’s former international airport as the tender for the development met with a lukewarm response.
The residential plot at Kai Tak received just seven bids on Friday, less than expected, indicating a much cooler appetite among developers than seen during previous tenders at the same site.
Several of the city’s property surveyors have reduced their estimates of how much the plot will ultimately fetch once…

Source : South China Morning Post
Read more…Surveyors cut valuations of plot at Kai Tak to February levels as tender draws muted response

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