Hong Kong’s prime Kai Tak development plot goes for HK$15.95bn

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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

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Main image: Part of the Kai Tak site in 2017 (photo by Wpcpey; CC by S.A.3.0)

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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
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