{"id":39177,"date":"2016-12-29T16:05:03","date_gmt":"2016-12-29T09:05:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/k-wah-pays-hk5-87-billion-for-kai-tak-site-winning-hong-kongs-final-land-auction-for-2016\/"},"modified":"2016-12-29T16:14:48","modified_gmt":"2016-12-29T09:14:48","slug":"k-wah-pays-hk5-87-billion-for-kai-tak-site-winning-hong-kongs-final-land-auction-for-2016","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/k-wah-pays-hk5-87-billion-for-kai-tak-site-winning-hong-kongs-final-land-auction-for-2016\/","title":{"rendered":"K Wah pays HK$5.87 billion for Kai Tak site, winning Hong Kong\u2019s final land auction for 2016"},"content":{"rendered":"


\nK Wah International Holdings Ltd., the developer controlled by casino tycoon Lui Che-woo, has won the Hong Kong government\u2019s final land auction of 2016, paying HK$5.868 billion for a piece of land at the former Kai Tak airport site.
\nThe winning bid on the site, with a total gross floor area of 574,270 square feet, puts it at about HK$10,200 per sq ft according to Land Department\u2019s data, in line with the market\u2019s estimate of between HK$5.74 billion and HK$6.32 billion in total…
\n
\nSource : South China Morning Post
\nRead more…K Wah pays HK.87 billion for Kai Tak site, winning Hong Kong\u2019s final land auction for 2016<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

K Wah International Holdings Ltd., the developer controlled by casino tycoon Lui Che-woo, has won...<\/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-39177","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-abT","jetpack-related-posts":[{"id":105261,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hk10-billion-kai-tak-site-attracts-six-bids-as-firms-say-they-are-positive-about-hong-kong-housing-market\/","url_meta":{"origin":39177,"position":0},"title":"HK$10 billion Kai Tak site attracts six bids as firms say they are positive about Hong Kong housing market","date":"March 22, 2019","format":false,"excerpt":"\r Six developers have submitted tenders for a site in Kai Tak, Hong Kong\u2019s Lands Department said on Friday, with companies saying they remained positive about the city\u2019s housing sector following a recent pick up in prices and dovish monetary policy that has rekindled a cooling market.Among the companies vying\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88325,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-pays-hk25-1-billion-for-hong-kongs-costliest-residential-land-at-kai-tak\/","url_meta":{"origin":39177,"position":1},"title":"Sun Hung Kai pays HK$25.1 billion for Hong Kong\u2019s costliest residential land at Kai Tak","date":"May 15, 2018","format":false,"excerpt":"\r Sun Hung Kai Properties has prevailed in a lacklustre tender for a plot of residential land at Hong Kong\u2019s former Kai Tak airport site, paying a record HK$25.16 billion (US$3.2 billion) for the city\u2019s most expensive land parcel, according to data provided by the Lands Department. The Kai Tak\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41877,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hna-pays-hk5-53-billion-for-its-third-land-parcel-at-kai-tak-site\/","url_meta":{"origin":39177,"position":2},"title":"HNA pays HK$5.53 billion for its third land parcel at Kai Tak site","date":"January 25, 2017","format":false,"excerpt":"\r HNA Group, which owns hotels and golf courses in addition to its control of Hainan Airlines, has bought its third parcel of development land at Kai Tak, bringing its total shopping bill at Hong Kong\u2019s former airport site to HK$20 billion in three months. The Chinese company\u2019s unit Top\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hna-group-pays-hk7-44-billion-for-fourth-plot-of-land-at-kai-tak\/","url_meta":{"origin":39177,"position":3},"title":"HNA Group pays HK$7.44 billion for fourth plot of land at Kai Tak","date":"March 15, 2017","format":false,"excerpt":"\r HNA Group Co., the property conglomerate that also owns Hainan Airlines Co., has paid HK$7.44 billion for its fourth plot of development land at Hong Kong\u2019s former Kai Tak airport. Milway Development Ltd. beat out 14 other bidders to secure a 50-year right to develop Kai Tak Area 1L\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-pays-us1-43-billion-for-kai-tak-residential-plot-in-subdued-tender-that-underscores-downbeat-market\/","url_meta":{"origin":39177,"position":4},"title":"Sun Hung Kai pays US$1.43 billion for Kai Tak residential plot in subdued tender that underscores downbeat market","date":"January 23, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s biggest developer, has won a government tender for the fourth plot of residential land at Kai Tak, paying HK$11.26 billion (US$1.43 billion) for the parcel at the city\u2019s former airport. At HK$17,360 per sq ft, the winning price for Kai Tak Area 4C\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":39177,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/39177"}],"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=39177"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/39177\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=39177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=39177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=39177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}