Residential News »Hong Kong Edition | By Michael Gerrity | July 5, 2019.

According to JLL's latest Hong Kong Residential Sales Market Monitor report, only two more places to be tendered on the Kai Tak runway could enjoy Victoria Harbor views after the government awarded for Kai Tak Area 4C Site 1 site. Developers will stay in Kai Tak because there are fewer land with Victoria Harbor view.

According to the information from the Town Planning Board, there are only two places to be tendered on the Kai Tak runway where Victoria Harbor views. Yet, the views will be more obstructed as the sites are located further from the tip of the runway.

Beyond Kai Tak, there will be an extremely limited supply of Victoria Harbor. Our data on future supply is expected to be completed between 2019 and 2020.

The winning bid for the latest Kai Tak site remains high, despite the escalation of tensions between the US and China and the end of social unrest has dented market sentiment. Henry Mok, senior director of capital market at JLL, said: "Most of the future units in the Kai Tak area can be unobstructed sea views, is already being imagined by the market as a future high-end residential area. "We are looking forward to seeing you in the city of Hong Kong."