VOICED: Hong Kong's old airport set for multi-billion dollar takeoff

The video discusses the old Kai Tak Airport in Hong Kong, once a valuable piece of land worth up to $40 billion. Known for its challenging landings, the airport closed in 1998. Since then, development has stalled due to disagreements. However, the government now plans to transform the site into a cruise hub with sports stadiums and luxury housing, leveraging its unique location. The redevelopment is expected to be completed by 2025, offering quieter living spaces with panoramic views of Victoria Harbor.

What unique features does the old runway have that make it valuable for development?

When is the redevelopment of the old Kai Tak Airport expected to be finished?