Property News · June 21, 2019

Weak response among property firms to Kai Tak residential plot a week after sale was cancelled due to Hong Kong protests


A residential plot at Hong Kong’s old airport received a lukewarm response from developers on Friday, with only about five bids submitted for the oceanfront piece of land by 7pm.The sale of Area 4C Site 1 on the Kai Tak runway was postponed last week because of mass protests in Hong Kong. The plot could yield 714,374 sq ft of gross floor area for an estimated HK$20,000 (US$2,560) per square foot, and is expected to set a price record.“It is a really bad reaction for a plot at such a prime…

Source : South China Morning Post
Read more…Weak response among property firms to Kai Tak residential plot a week after sale was cancelled due to Hong Kong protests