{"id":32715,"date":"2016-11-02T20:16:40","date_gmt":"2016-11-02T13:16:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-experts-shocked-at-record-sale-result-for-kai-tak-area-site\/"},"modified":"2016-11-02T20:32:48","modified_gmt":"2016-11-02T13:32:48","slug":"hong-kong-property-experts-shocked-at-record-sale-result-for-kai-tak-area-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-experts-shocked-at-record-sale-result-for-kai-tak-area-site\/","title":{"rendered":"Hong Kong property experts \u2018shocked\u2019 at record sale result for Kai Tak area site"},"content":{"rendered":"


\nA government land site in Kai Tak was tendered at HK$13,500 per square foot on Wednesday, raising HK$8.84 billion in total, and smashing a previous record for the area set two years earlier.
\nThe price far exceeded analysts\u2019 expectations, as it was more than double the HK$6,530 per sq ft China\u2019s Poly Property paid to acquire a similar site in 2014, the prior price record for a land sale in the area.
\n\u201cI am completely shocked ,\u201dsaid Joseph Tsang, managing director of JLL…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong property experts \u2018shocked\u2019 at record sale result for Kai Tak area site<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A government land site in Kai Tak was tendered at HK$13,500 per square foot on...<\/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-32715","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\/p75ss1-8vF","jetpack-related-posts":[{"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":32715,"position":0},"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":108258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-tender-hong-kong-government-must-introduce-guarantors-higher-deposits-to-prevent-another-kai-tak-fiasco\/","url_meta":{"origin":32715,"position":1},"title":"Land tender: Hong Kong government must introduce guarantors, higher deposits to prevent another Kai Tak fiasco","date":"June 19, 2019","format":false,"excerpt":"\r The aborted sale of a HK$11.1 billion (US$1.4 billion) plot of prime land has exposed a serious flaw in the tender process that may cause the Hong Kong government to suffer a huge loss if it is unable to sell the site for the same price in a depressed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23923,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-sets-price-range-of-hk15080-to-hk18418-psf-on-one-kai-tak-apartments\/","url_meta":{"origin":32715,"position":2},"title":"Hong Kong sets price range of HK$15,080 to HK$18,418 psf on One Kai Tak apartments","date":"August 25, 2016","format":false,"excerpt":"\r China Overseas Land & Investment Co., said it will sell the One Kai Tak apartments in Hong Kong\u2019s former airport at a price range of HK$15,080 and HK$18,418 per square foot, higher than what real estate agents are expecting for the neighbourhood.\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-raise-prices-of-flats-by-up-to-70-per-cent-as-record-kai-tak-land-sale-boosts-confidence\/","url_meta":{"origin":32715,"position":3},"title":"Hong Kong developers raise prices of flats by up to 70 per cent as record Kai Tak land sale boosts confidence","date":"May 22, 2018","format":false,"excerpt":"\r Hong Kong developers are raising the prices of their unsold units by as much as 70 per cent in a sign that the world\u2019s hottest property market is a long way from running out of steam. Kerry Properties has priced a flat at The Bloomsway in Tuen Mun at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":32715,"position":4},"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":54161,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-lots-worth-hk28-billion-to-set-single-day-sale-record\/","url_meta":{"origin":32715,"position":5},"title":"Two lots worth HK$28 billion to set single day sale record","date":"May 9, 2017","format":false,"excerpt":"\r Two plots that are worth up to HK$28 billion in Central and the Kai Tak area to be sold by government tender is set to land a single day land sale revenue record for Hong Kong, say industry experts. They believe that the commercial site on Murray Road will\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\/32715"}],"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=32715"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32715\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=32715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=32715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=32715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}