{"id":108596,"date":"2019-07-01T16:15:07","date_gmt":"2019-07-01T09:15:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-new-business-hub-at-kai-tak-may-fall-years-late-as-developers-turn-skittish\/"},"modified":"2019-07-01T17:04:00","modified_gmt":"2019-07-01T10:04:00","slug":"hong-kongs-new-business-hub-at-kai-tak-may-fall-years-late-as-developers-turn-skittish","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-new-business-hub-at-kai-tak-may-fall-years-late-as-developers-turn-skittish\/","title":{"rendered":"Hong Kong\u2019s new business hub at Kai Tak may fall years late as developers turn skittish"},"content":{"rendered":"


\nThe bold vision to transform the former Kai Tak airport site into a second major business hub in Kowloon East may have to be put on hold for a while, as confidence in the project has been dealt a blow after a local developer judged it too risky to proceed with the purchase of a HK$11.1 billion (US$1.42 billion) site, according to industry experts.The government may opt to defer the sale of some commercial sites at the city\u2019s former airport by up to two years until sentiment improves, a delay\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s new business hub at Kai Tak may fall years late as developers turn skittish<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The bold vision to transform the former Kai Tak airport site into a second major...<\/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-108596","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-sfy","jetpack-related-posts":[{"id":102606,"url":"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\/","url_meta":{"origin":108596,"position":0},"title":"China developer\u2019s net profit at Hong Kong\u2019s old Kai Tak airport to lose altitude amid turbulence in property market","date":"December 30, 2018","format":false,"excerpt":"\r China 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. China Overseas was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/still-keen-kai-tak-site-draws-18-bids-as-hong-kong-developers-maintain-interest-for-land\/","url_meta":{"origin":108596,"position":1},"title":"Still keen: Kai Tak site draws 18 bids as Hong Kong developers maintain interest for land","date":"December 16, 2016","format":false,"excerpt":"\r Property developers submitted at least 18 bids for a parcel of land at Hong Kong\u2019s former Kai Tak airport, a day after the long-awaited interest rate increase by the US Federal and Hong Kong Monetary Authority. The parcel, adjacent to a Kai Tak site that sold for a record\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87753,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kai-tak-plot-could-fetch-us3-25-billion-smashing-records-for-hong-kong-land-sales\/","url_meta":{"origin":108596,"position":2},"title":"Kai Tak plot could fetch US$3.25 billion, smashing records for Hong Kong land sales","date":"May 11, 2018","format":false,"excerpt":"\r Developers bidding for what could become the most expensive plot of residential land in Hong Kong\u2019s history are forming consortiums in what analysts say may be an attempt to spread the financial risk. At least five bids had been submitted for the parcel on the site of Hong Kong\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106819,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-rush-to-bid-for-kai-taks-latest-residential-land-plot-as-bull-market-returns-to-hong-kongs-real-estate\/","url_meta":{"origin":108596,"position":3},"title":"Developers rush to bid for Kai Tak\u2019s latest residential land plot as bull market returns to Hong Kong\u2019s real estate","date":"May 3, 2019","format":false,"excerpt":"\r Developers submitted seven bids for the third-largest residential plot at Hong Kong's former Kai Tak airport, as April sales data showed home transactions jumping by 52.8 per cent from March, in a clear sign of the bull market\u2019s return to the world's most expensive city.Kai Tak\u2019s Area 4C Site\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-kai-tak-area-to-see-bidding-war-among-developers\/","url_meta":{"origin":108596,"position":4},"title":"Hong Kong\u2019s Kai Tak area to see bidding war among developers","date":"January 24, 2017","format":false,"excerpt":"\r The Hong Kong government\u2019s plan to add 16,000 residential units and 4.3 million sq ft of commercial space in the Kai Tak area - which will be within a 30 minute train ride to Admiralty by 2021 \u2013 is likely to stir up a fierce bidding war for land\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":108596,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108596"}],"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=108596"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108596\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}