{"id":56480,"date":"2017-05-31T16:58:01","date_gmt":"2017-05-31T09:58:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/nan-fung-development-wins-kai-tak-site-in-record-hk24-6-billion\/"},"modified":"2017-05-31T17:01:55","modified_gmt":"2017-05-31T10:01:55","slug":"nan-fung-development-wins-kai-tak-site-in-record-hk24-6-billion","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nan-fung-development-wins-kai-tak-site-in-record-hk24-6-billion\/","title":{"rendered":"Nan Fung Development wins Kai Tak site in record HK$24.6 billion"},"content":{"rendered":"


\nNan Fung Development has won a commercial site in Kai Tak for a record HK$24.6 billion (US$3.16 billion) by total value, smashing the previous record set by the Murray Road site in Central.
\nThe Lands Department awarded the site, named Area 1F Site 2, to Rich Union Development, a wholly subsidiary of Nan Fung Development on Wednesday.
\nThe price tag was 12 per cent higher than the top end of the market expectation range of between HK$14.3 billion and HK$22 billion, or HK$7,500 per square foot to…
\n
\nSource : South China Morning Post
\nRead more…Nan Fung Development wins Kai Tak site in record HK.6 billion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nan Fung Development has won a commercial site in Kai Tak for a record HK$24.6...<\/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-56480","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-eGY","jetpack-related-posts":[{"id":27467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-nan-fung-development-prices-island-garden-units-at-market-rate\/","url_meta":{"origin":56480,"position":0},"title":"Hong Kong\u2019s Nan Fung Development prices Island Garden units at market rate","date":"September 27, 2016","format":false,"excerpt":"\r Hong Kong developers are adopting firmer pricing strategies after new project launches have generated overwhelming buyer response, with Nan Fung Development offering units in Shau Kei Wan at a similar price as a nearby project released last month. On Tuesday Nan Fung released prices for the first batch of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68044,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nan-fung-developments-kai-tak-project-targets-start-ups-and-creative-enterprises\/","url_meta":{"origin":56480,"position":1},"title":"Nan Fung Development\u2019s Kai Tak project targets start-ups and creative enterprises","date":"October 3, 2017","format":false,"excerpt":"\r Imagine your office across a big park, besides a river and next to an MTR station in the heart of the city. Nan Fung Development has envisioned something similar with its commercial site in the Kai Tak area, which promises to be a unique selling point in the city\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nan-fung-cuts-price-of-new-flats-as-hong-kongs-property-market-sours-further\/","url_meta":{"origin":56480,"position":2},"title":"Nan Fung cuts price of new flats as Hong Kong\u2019s property market sours further","date":"October 5, 2018","format":false,"excerpt":"\r A second developer has lowered the asking price of brand new flats in Hong Kong as a toxic combination of rising interest rates, a struggling stock market and the fallout from the US-China trade war dampen demand in the world\u2019s most expensive property market. Nan Fung Development has priced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38574,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hna-wins-second-site-in-kai-tak-for-hk5-41-billion-sets-new-record\/","url_meta":{"origin":56480,"position":3},"title":"HNA wins second site in Kai Tak for HK$5.41 billion, sets new record","date":"December 19, 2016","format":false,"excerpt":"\r Chinese conglomerate HNA Holding Group has paid a record HK$13,600 per square foot for its second residential site in the Kai Tak area. The Lands Department awarded the 94,755 square foot site, known as Kai Tak Area 1L Site 3, to Sky Hero Development, a unit of HNA, for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79758,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-troubled-hna-group-flips-kai-tak-plots-to-henderson-land-for-a-profit-of-hk1-7-billion\/","url_meta":{"origin":56480,"position":4},"title":"China\u2019s troubled HNA Group flips Kai Tak plots to Henderson Land for a profit of HK$1.7 billion","date":"February 13, 2018","format":false,"excerpt":"\r HNA Group, the financially troubled Chinese conglomerate, has made a quick HK$1.7 billion (US$217 million) by selling two of its four Hong Kong residential plots bought 15 months ago for a record sum to one of the city\u2019s biggest developers. The two plots at the site of Hong Kong\u2019s\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":56480,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56480"}],"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=56480"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56480\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=56480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=56480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=56480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}