{"id":110925,"date":"2019-09-20T17:00:17","date_gmt":"2019-09-20T10:00:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/abandoned-hk11-1-billion-kai-tak-commercial-plot-has-its-wings-clipped-by-protests-is-back-on-market-for-40-per-cent-less\/"},"modified":"2019-09-20T18:03:52","modified_gmt":"2019-09-20T11:03:52","slug":"abandoned-hk11-1-billion-kai-tak-commercial-plot-has-its-wings-clipped-by-protests-is-back-on-market-for-40-per-cent-less","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abandoned-hk11-1-billion-kai-tak-commercial-plot-has-its-wings-clipped-by-protests-is-back-on-market-for-40-per-cent-less\/","title":{"rendered":"Abandoned HK$11.1 billion Kai Tak commercial plot has its wings clipped by protests, is back on market for 40 per cent less"},"content":{"rendered":"


\nA commercial site on the runway of Hong Kong\u2019s former airport that was abandoned because of \u201csocial contradiction and economic instability\u201d on June 11, following a successful record bid of HK$11.1 billion (US$1.4 billion), is back on the market \u2013 but may be worth 40 per cent less.The Lands Department said on Friday that five bids had been received for the plot, Area 4C Site 4, on the Kai Tak runway. The plot has a gross floor area of 863,000 sq ft and received six bids in May, before the start\u2026
\n
\nSource : South China Morning Post
\nRead more…Abandoned HK.1 billion Kai Tak commercial plot has its wings clipped by protests, is back on market for 40 per cent less<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A commercial site on the runway of Hong Kong\u2019s former airport that was abandoned because...<\/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-110925","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-sR7","jetpack-related-posts":[{"id":107142,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-seafront-commercial-plot-of-land-on-kai-tak-runway-sells-for-record-hk11-1-billion\/","url_meta":{"origin":110925,"position":0},"title":"First seafront commercial plot of land on Kai Tak runway sells for record HK$11.1 billion","date":"May 15, 2019","format":false,"excerpt":"\r The first seafront commercial plot of land on the runway of Hong Kong\u2019s former airport, Kai Tak, has sold for a record HK$11.1 billion (US$1.41 billion), the city\u2019s Lands Department said on Wednesday.Hong Kong developer Goldin Financial Holdings shrugged off the turmoil of an escalating trade war to win\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-are-lukewarm-on-kai-taks-commercial-plot-as-trade-war-impasse-creates-an-anticlimax-to-a-week-of-record-home-sales\/","url_meta":{"origin":110925,"position":1},"title":"Developers are lukewarm on Kai Tak\u2019s commercial plot as trade war impasse creates an anticlimax to a week of record home sales","date":"May 10, 2019","format":false,"excerpt":"\r The second commercial property plot on the runway of Hong Kong\u2019s former airport received fewer bidders when a government tender closed on Friday, as the absence of a resolution in the US-China trade war provided an anticlimax to a week of record-breaking sales in the city\u2019s home market.Area 4C\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":110925,"position":2},"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":109760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-doubles-deposit-for-land-tenders-to-hk50-million-after-goldins-abandoned-kai-tak-sale\/","url_meta":{"origin":110925,"position":3},"title":"Hong Kong government doubles deposit for land tenders to HK$50 million after Goldin\u2019s abandoned Kai Tak sale","date":"August 9, 2019","format":false,"excerpt":"\r The Lands Department said on Thursday it is doubling the deposit for government sites put up for tender to as much as HK$50 million (US$6.3 million) after a buyer walked away from a winning bid of HK$11.1 billion for a plot of prime land in June.The rule is effective\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-walks-away-from-hk11-1-billion-kai-tak-project-citing-social-contradiction-and-economic-instability\/","url_meta":{"origin":110925,"position":4},"title":"Hong Kong developer walks away from HK$11.1 billion Kai Tak project, citing \u2018social contradiction and economic instability\u2019","date":"June 11, 2019","format":false,"excerpt":"\r The Hong Kong developer that beat out several of the city's biggest and wealthiest property groups for a commercial plot at the former Kai Tak airport in May has had a change of mind after less than a month, saying it will abandon the offer, citing \u201csocial contradiction and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-builders-pay-us1-billion-for-first-plot-on-runway-of-old-kai-tak-airport\/","url_meta":{"origin":110925,"position":5},"title":"Hong Kong builders pay US$1 billion for first plot on runway of old Kai Tak airport","date":"November 7, 2018","format":false,"excerpt":"\r What a difference six months makes. A plot of prime waterfront land in Hong Kong has sold at a price that is 18 per cent lower than a comparable tender in the same area. A consortium of four major local developers won the auction for the first residential site\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\/110925"}],"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=110925"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110925\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}