{"id":102606,"date":"2018-12-30T15:50:35","date_gmt":"2018-12-30T08:50:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-developers-net-profit-at-hong-kongs-old-kai-tak-airport-to-lose-altitude-amid-turbulence-in-property-market\/"},"modified":"2018-12-30T16:03:26","modified_gmt":"2018-12-30T09:03:26","slug":"china-developers-net-profit-at-hong-kongs-old-kai-tak-airport-to-lose-altitude-amid-turbulence-in-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-developers-net-profit-at-hong-kongs-old-kai-tak-airport-to-lose-altitude-amid-turbulence-in-property-market\/","title":{"rendered":"China developer\u2019s net profit at Hong Kong\u2019s old Kai Tak airport to lose altitude amid turbulence in property market"},"content":{"rendered":"


\nChina Overseas Land & Investment is likely to see about a 15 per cent profit margin on its latest HK$8.03 billion parcel acquisition at the city\u2019s old airport site, far less than the windfall it made five years ago on its first purchases there, analysts say.
\nChina Overseas was the first developer to buy land at Kai Tak, site of the city\u2019s old airport known for nail-biting manoeuvring by pilots to avoid mountains and buildings.
\nThat was in 2013, when the developer paid far less…
\n
\nSource : South China Morning Post
\nRead more…China developer\u2019s net profit at Hong Kong\u2019s old Kai Tak airport to lose altitude amid turbulence in property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Overseas Land & Investment is likely to see about a 15 per cent profit...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102606","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qGW","jetpack-related-posts":[{"id":119413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-overseas-land-investments-us551-million-bid-for-kai-tak-residential-plot-exceeds-market-expectation\/","url_meta":{"origin":102606,"position":0},"title":"China Overseas Land & Investment\u2019s US$551 million bid for Kai Tak residential plot exceeds market expectation","date":"December 2, 2020","format":false,"excerpt":"\r A leading mainland-based developer paid a higher-than-expected price for a residential parcel at Hong Kong\u2019s former airport, the first such sale by the government at Kai Tak this year.China Overseas Land & Investment, the mainland\u2019s seventh largest developer by sales, bid HK$4.27 billion (US$550.8 million) for the Area 4E\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-withdraws-land-sale-at-kai-tak-airport-site-after-tepid-bids-by-developers-amid-citys-economic-contraction\/","url_meta":{"origin":102606,"position":1},"title":"Hong Kong withdraws land sale at Kai Tak Airport site after tepid bids by developers amid city\u2019s economic contraction","date":"May 13, 2020","format":false,"excerpt":"\r Hong Kong\u2019s government has withdrawn a land sale at the city\u2019s former Kai Tak Airport site after a tepid response from bidders, as the city\u2019s worst economic contraction in decades amid the coronavirus pandemic deterred developers from long-term investments.A plot at the former Kai Tak Airport site, which can\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-snap-up-discounted-kai-tak-land-as-hong-kongs-mood-for-property-sours-amid-protest-rallies-and-trade-war\/","url_meta":{"origin":102606,"position":2},"title":"Chinese developers snap up discounted Kai Tak land as Hong Kong\u2019s mood for property sours amid protest rallies and trade war","date":"June 26, 2019","format":false,"excerpt":"\r Two mainland Chinese developers bought a plot of residential land on the runway of Hong Kong\u2019s former Kai Tak airport, paying a lower-than-expected price for the oceanfront property as the city\u2019s biggest public protests in decades sapped appetite for investments amid a US-China trade war.China Resources Land and Poly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldin-financial-loses-record-us331-5-million-on-resale-of-land-at-kai-tak-as-coronavirus-darkens-outlook-for-hong-kongs-property-market\/","url_meta":{"origin":102606,"position":3},"title":"Goldin Financial loses record US$331.5 million on resale of land at Kai Tak as coronavirus darkens outlook for Hong Kong\u2019s property market","date":"May 11, 2020","format":false,"excerpt":"\r A Hong Kong developer has suffered the biggest loss on a land sale in the city\u2019s history, offloading a residential plot at Kai Tak to raise cash to help it weather a market slump caused by the coronavirus pandemic.Goldin Financial Holdings, controlled by Pan Sutong, one of Hong Kong\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109770,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-top-builders-spot-a-bargain-as-they-submit-tenders-for-kai-tak-plot-whose-value-has-been-slashed\/","url_meta":{"origin":102606,"position":4},"title":"Hong Kong\u2019s top builders spot a bargain as they submit tenders for Kai Tak plot whose value has been slashed","date":"August 9, 2019","format":false,"excerpt":"\r The tender for a plot in Kai Tak on Friday attracted better-than-expected response as one surveyor cut the estimated value of commercial land on the site of Hong Kong\u2019s former airport by up to 20 per cent after a high-profile sale was abandoned in June.The Lands Department said on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79758,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-troubled-hna-group-flips-kai-tak-plots-to-henderson-land-for-a-profit-of-hk1-7-billion\/","url_meta":{"origin":102606,"position":5},"title":"China\u2019s troubled HNA Group flips Kai Tak plots to Henderson Land for a profit of HK$1.7 billion","date":"February 13, 2018","format":false,"excerpt":"\r HNA Group, the financially troubled Chinese conglomerate, has made a quick HK$1.7 billion (US$217 million) by selling two of its four Hong Kong residential plots bought 15 months ago for a record sum to one of the city\u2019s biggest developers. The two plots at the site of Hong Kong\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102606"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102606"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102606\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}