Property News · February 18, 2021

Victor Li’s CK Asset scores first win at Kai Tak, bags last residential plot on former airport’s runway


Hong Kong tycoon Victor Li Tzar-kuoi’s CK Asset Holdings won its first tender for land at Hong Kong’s old airport, Kai Tak, on Wednesday. The site, Area 4E Site 2, was also the last residential plot up for grabs on its runway.The developer won the plot for HK$10.28 billion (US$1.33 billion), or HK$15,861 per square foot, the Lands Department said. Its price, at the upper end of market expectations, reflected confidence in the Kai Tak residential market among the city’s developers, surveyors…

Source : South China Morning Post
Read more…Victor Li’s CK Asset scores first win at Kai Tak, bags last residential plot on former airport’s runway

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