{"id":116311,"date":"2020-05-13T17:40:11","date_gmt":"2020-05-13T10:40:11","guid":{"rendered":"http:\/\/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\/"},"modified":"2020-05-13T18:05:51","modified_gmt":"2020-05-13T11:05:51","slug":"hong-kong-withdraws-land-sale-at-kai-tak-airport-site-after-tepid-bids-by-developers-amid-citys-economic-contraction","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong withdraws land sale at Kai Tak Airport site after tepid bids by developers amid city\u2019s economic contraction"},"content":{"rendered":"


\nHong Kong\u2019s government has withdrawn a land sale at the city\u2019s former Kai Tak Airport site after a tepid response from bidders, as the city\u2019s worst economic contraction in decades amid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 yield 1.16 million square feet (107,767 square metres) in gross floor area, failed to sell because it \u201cfailed to meet the government\u2019s reserve price,\u201d according to a statement by the Lands\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong withdraws land sale at Kai Tak Airport site after tepid bids by developers amid city\u2019s economic contraction<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s government has withdrawn a land sale at the city\u2019s former Kai Tak Airport...<\/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-116311","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-ufZ","jetpack-related-posts":[{"id":109157,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-land-sale-at-former-kowloon-airport-receives-muted-response-from-developers\/","url_meta":{"origin":116311,"position":0},"title":"Hong Kong land sale at former Kowloon airport receives muted response from developers","date":"July 19, 2019","format":false,"excerpt":"\r The largest residential site at Hong Kong\u2019s former Kai Tak airport received fewer than expected bids when a government tender closed at noon on Friday, as property developers take a more cautions stance on the local property market following recent downgrades to the city\u2019s economic outlook.The plot designated Area\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":116311,"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":103074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/scenic-site-at-kai-tak-draws-fewer-than-expected-bids-from-property-developers\/","url_meta":{"origin":116311,"position":2},"title":"Scenic site at Kai Tak draws fewer than expected bids from property developers","date":"January 18, 2019","format":false,"excerpt":"\r The fourth residential plot at the city\u2019s former Kai Tak airport, regarded as the most scenic, has missed analyst expectations, as slightly fewer than expected developers submitted tenders on Friday, reflecting downbeat sentiment as home prices come under further pressure. The 117,900 square foot plot, located on land jutting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-land-plot-for-sale-on-the-former-runway-at-kai-tak-receives-lacklustre-response-from-developers\/","url_meta":{"origin":116311,"position":3},"title":"First land plot for sale on the former runway at Kai Tak receives \u2018lacklustre\u2019 response from developers","date":"November 2, 2018","format":false,"excerpt":"\r The first residential plot for sale on the runway of the city\u2019s former Kai Tak airport received eight bids from property developers at the tender close on Friday, reflecting a weakening appetite for land acquisitions as the city\u2019s property market comes under pressure amid a worsening US-China trade war\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103489,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-commercial-plot-on-kai-tak-runway-fails-to-take-off-as-hong-kong-rejects-all-nine-bids-for-site\/","url_meta":{"origin":116311,"position":4},"title":"First commercial plot on Kai Tak runway fails to take off as Hong Kong rejects all nine bids for site","date":"January 30, 2019","format":false,"excerpt":"\r The first commercial plot to be tendered on the runway of Hong Kong\u2019s old airport at Kai Tak was withdrawn from sale on Wednesday, after the Lands Department announced it had rejected all nine tenders received for the land. That all tenders failed to meet the government\u2019s requirements suggests\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weak-response-among-property-firms-to-kai-tak-residential-plot-a-week-after-sale-was-cancelled-due-to-hong-kong-protests\/","url_meta":{"origin":116311,"position":5},"title":"Weak response among property firms to Kai Tak residential plot a week after sale was cancelled due to Hong Kong protests","date":"June 21, 2019","format":false,"excerpt":"\r A residential plot at Hong Kong\u2019s 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\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\/116311"}],"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=116311"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116311\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}