Hong Kong sells Kai Tak’s biggest residential plot at discount as city’s unrest drives investors to sidelines
The South China Morning Post reports that a consortium has acquired the biggest resi development site on the former Kai Tak Airport - paying less than the low-end market valuation
What to read next
Hong Kong’s prime Kai Tak development plot goes for HK$15.95bn
A consortium of property developers has acquired the most valuable slice of residential development land on Hong Kong's former airport, for significantly less than the adjacent plot
By PrimeResi
The world’s ‘most expensive plot of sand’ sells for over £27mn
"An AED125mn transaction would normally represent a spectacular penthouse or palatial mansion," says Knight Frank.
By PrimeResi
US Government looks to offload an enclave of six super-prime mansions in Hong Kong
CBRE has been appointed to sell a portfolio of mansions in Hong Kong, valued at up to HK$5 billion.
By PrimeResi
Most read
Savills completes £170mn townhouse run at Chelsea Barracks
Contracts exchanged on £40mn Banda-designed residence, rounding out sales at Mulberry Square.
‘The penny has dropped’: London’s supply of supersized apartments is drying up
‘Signs of urgency’ emerge around the capital’s top schemes as new figures reveal how Westminster’s size limit is reshaping the super-prime landscape.
‘New strategy’ drawn up for 15,000 sq ft Belgravia trophy
Three-building spread could be transformed into one of PCL’s most valuable private residences.
£12.25mn Chester Square townhouse finds buyer after agency switch
Boutique firm seals super-prime Belgravia deal after two previous agents had marketed the property.
Billionaire financier quits UK tax residency – but keeps massive Wiltshire mansion restoration project
One of Britain’s biggest taxpayers is reportedly relocating fiscal affairs overseas.
By PrimeResi
Six months to challenge mansion tax valuations
Fresh details emerge on HVCTS roll-out as HMRC drafts in 300 extra staff, with up to 200,000 homes potentially in scope.
US brokerage giant launches global division for cross-border property deals
Compass rolls into international markets including the UK with new agent network.
By PrimeResi
Agency reports biggest month for country house exchanges since 2022
After a dry few years, Strutt & Parker heralds 'a return of confidence in decision making for both buyers and sellers.'
By PrimeResi
Social Circuit: LA London toasts 45 years at end-of-summer party
More than 200 property and design names gathered on the architect’s London Bridge rooftop for its annual industry bash.
Philip Harvey: What’s really driving global wealth flows in 2026?
Property Vision’s senior partner on the return of Dubai expats, the rise of the ‘certainty premium’ and where mobile wealth is heading next.
LATEST ARTICLES
Super-prime Kensington development launch draws over 150 agents
In Pictures: London’s prime property crowd gets first look inside REDD’s newly completed One Palace Green.
Industry Reactions: Official data shows sharpest London price falls since January 2024
July's UK House Price Index recorded a third month of slowing house price growth at the national level.
By PrimeResi
Winkworth profits hit by mounting legal bill as sales revenues dip
Listed estate agency reports 'resilient' underlying trading performance.
By PrimeResi
$200mn-backed property platform buys luxury Dubai brokerage
Former Foxtons agent’s firm acquired ahead of launch of new international high-end brand.
The price of perfection: ‘Immaculate’ PCL rentals command 31% premium
New analysis digs into the landlords, tenants and changing economics of the prime lettings market.