HONG KONG - A plot of land at Hong Kong's former Kai Tak airport has failed to sell at auction in a sign the city's worsening economic crisis is starting to take its toll on the property market.
It follows news on Monday that Hong Kong's Goldin Financial Holdings had sold a residential land parcel at a loss of HK$2.6 billion . Selling undeveloped land bought by tender is unusual. For Goldin, however, the sale of land in the Kai Tak district marked the second time in a year for such a purchase to go awry.
"Industries like tourism and retail will need a long time to recover, so the rental income from this type of commercial plot will likely decline," he said.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر: