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Transactions - MAY 16, 2019

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Goldin Financial Holdings buys Kai Tak airport parcel in record deal

by Andrea Zander

The first seafront commercial plot of land on the runway of Hong Kong’s former airport, Kai Tak, has sold for a record HK$11.1 billion ($1.41 billion) to Goldin Financial Holdings, reported the city’s Lands Department.

Goldin Financial Holdings has plans to build high-end hotel and offices, and says its total investment could amount to HK$18 billion ($2.29 billion), reported South China Morning Post.

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