South China Morning Post CENTER (0.0) Reliability: 7.5/10

Sun Hung Kai pays US$1.43 billion for Kai Tak residential plot in subdued tender that underscores downbeat market

✍️ Lam Ka-Sing 📅 January 23, 2019 06:45 PM 🕐 Scraped: October 01, 2025

Summary: Sun Hung Kai’s winning bid works out to HK$17,360 per square foot, within the price range expected by valuers

Sun Hung Kai Properties, Hong Kong’s biggest developer, has won a government tender for the fourth plot of residential land on the old runway at Kai Tak, paying HK$11.26 billion (US$1.43 billion) for the parcel at the city’s former airport.

At HK$17,36

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📝 Article Information

Author

Lam Ka-Sing

Original Publisher

🌍 South China Morning Post

CENTER Bias (0.0)

Published Date

January 23, 2019 at 06:45 PM

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