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Hong Kong land sale

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An illustration of development plans for the Lantau artificial islands project. Photo: Handout
Hong Kong economy

Is Hong Kong’s system of assessing land demand broken? Experts have the answers

Professor Liu Pak-wai says geopolitical headwinds and integration with mainland China warrant reassessment of city’s land needs.

Hong Kong property

Cautious bids expected for second try at Hong Kong land sale

Hong Kong property

Hong Kong’s failed land tender reflects caution among big developers

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Hong Kong housing

Ex-Hong Kong leader crosses swords with John Lee again over land supply

Former leader Leung Chun-ying questions wisdom of current administration’s strategy of continuously creating land supply so as to control market.

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People visit a government exhibit on the artificial islands project off Lantau. Photo: K. Y. Cheng
Hong Kong property

Chinachem’s US$131 million bid wins subdued Hong Kong land tender

Developers will remain conservative in their bidding until they see stronger signs of recovery in the housing market, consultants say.

Hong Kong property

Big Hong Kong developers enter fray for Sha Tin land tender

Site STTL 625, which has an area of 5,652 square metres, can support a total of 570 units.

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Hong Kong property

Former Hong Kong leader CY Leung cautions on housing oversupply

Leung warns of potential housing oversupply from new projects, urging careful demand estimation and financial planning to avoid issues.

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An aerial view of Kwu Tung in the North New Territories, where the government plans to make abundant land available for housing. Photo: May Tse
Hong Kong property

Hong Kong to sell second logistics site on sweetened terms after feedback

The winner is to surrender 20 per cent of the floor space to the government to ensure its financial viability, instead of 30 per cent; plot ratio reduced to lessen cost.

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Hong Kong property

Hong Kong to sell residential land plot to maintain housing supply

The government is monitoring market sentiment and will continue to release land strategically to meet housing needs, development minister says.

Hong Kong economy

Editorial | No one is a bystander in Hong Kong’s development

Comments about supporting the chief executive and his administration are a signal to the business sector to do more to help boost the economy.

Hong Kong Chief Executive John Lee Ka-chiu, left, with Hong Kong and Macau Affairs Office director Xia Baolong in Beijing recently. Photo: Hong Kong and Macau Affairs Office
Hong Kong economy

Hong Kong property leaders back leaving abolished land sale mechanism in the past

Development minister Bernadette Linn earlier said authorities had no plans to bring back application-based land sale mechanism axed in 2013.

Official figures show 14,200 private flats are currently under construction as of June, while developers have yet to sell about 19,000 homes. Photo: Sam Tsang
Hong Kong economy

Hong Kong architects call for early launch of public projects to boost sector

Institute of Architects chief Benny Chan says repeated failed tenders prompted some firms to lay off employees and force staff to go on unpaid leave.

Hong Kong housing

Editorial | Lessons to be learned from failed tender for subsidised Hong Kong flats

Site the latest to be held back by Hong Kong government after sole bid did not meet reserve price amid weak property market.

Hong Kong housing

‘Give Hong Kong developers more incentives to join subsidised housing scheme’

Experts also urge authorities to restore market confidence following failed first land bid under Private Subsidised Sale Flat Pilot Scheme.

Analysts have also urged authorities to bolster confidence in the property market. Photo: Yik Yeung-man
Hong Kong property

Sun Hung Kai plans 600-unit project in Fanling via land exchange scheme

Hong Kong’s largest developer completes first land exchange agreement with the government under the revised arrangements for the Enhanced Conventional New Town Approach.

SHKP’s land exchange agreement with the government involves the first phase of the lease of its site in Area 10, Fanling North. Photo: SCMP
Hong Kong housing

Hong Kong government rejects bid in tender for private sector to build subsidised flats

Lands Department rejects bid as tendered premium did not meet reserve price on Chai Wan site, the first of three under pilot scheme.

Hong Kong economy

Editorial | Limiting land sales for now a wise move

When market sentiment improves, Hong Kong officials can always adjust the availability of new sites.

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Hong Kong property

SHKP wins hotly contested plot in Sha Tin for price at mid-point of estimates

The amount paid – HK$3,952 per square foot – was less than half the price commanded by a comparable parcel of residential land sold off by the government almost two years ago in the same area.

The parcel of land, which can support around 280 flats, went for HK$619 million (US$79.29 million) or HK$3,952 per square foot, according to Land Department filings on Wednesday. Photo: Sam Tsang
Hong Kong property

Hong Kong land sale ‘far exceeds’ expectations as 11 firms submit bids

Despite the slumping property market, major developers CK Asset and Sino Land are among the firms vying for a plot of land that will support 280 flats in Sha Tin.

Hong Kong economy

First batch of 376 Hong Kong land leases to be renewed beyond 2047

Ordinance gazetted on Friday will allow 50-year extensions to take leases beyond crucial 2047 date, in move hailed by lawmakers and industry.

Hong Kong property

Hong Kong to offer only 1 residential land plot this quarter

‘The property market sentiment still remains relatively weak and the interest rate environment is relatively high,’ says secretary for development.

This plot of land at the junction of Siu Lek Yuen Road and Sha Tin Wai Road in Shatin, pictured on July 4, 2024, will be put up for tender this quarter. Photo: Sam Tsang
Hong Kong budget 2024-25

Opinion | Why Hong Kong government should abort artificial islands project

In fiscally challenging times, the government has delayed the Kau Yi Chau reclamation project and is considering private financing for it. Instead, the time should be used to rigorously re-examine whether the project ought to move forward at all.

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The Kau Yi Chau project would create 1,000 hectares of land for 500,000 residents in the middle of the sea. Photo: Jelly Tse
Hong Kong budget 2024-25

Hong Kong’s Lantau Tomorrow plan delayed by 2 to 3 years, finance chief says

Announcement of delay to artificial islands mega project made amid city’s expected fourth deficit exceeding HK$100 billion in five years.

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Hong Kong budget 2024-25

Hong Kong to take more cautious approach to land sales, development chief says

Development chief Bernadette Linn rolls out land sale programme for coming financial year, with eight residential sites estimated to provide 5,690 private flats.

Hong Kong housing

Opinion | Hong Kong land and housing supply must flow even in a downturn

Rather than be deterred by sluggish market sentiment, the government should adapt its approach to land creation and housing construction – by sequencing its development priorities, offering smaller land parcels, or turning more land over to building subsidised housing.

A general view of Lok Ma Chau area that is to be developed into an innovation and technology hub. In view of the economic challenges, the government should first develop the Lok Ma Chau Loop before building the control point and the town centre. Photo: May Tse
Hong Kong society

‘Hong Kong considering Central location for national achievements museum’

Triangular site between International Financial Centre and Central Ferry Pier No 7 in Central among locations being considered for new museum, government source says.

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A triangular site between the International Finance Centre and Central Ferry Pier No 7 is being considered for the location of a new museum showcasing national achievements, according to a government source. Photo: Elson Li
Hong Kong economy

Hong Kong to sell smaller plots of land to boost sales, development chief says

Development minister Bernadette Linn says past experience suggests developers more interested in smaller plots of land during economic downturn.

Hong Kong property

Hong Kong halts residential, commercial plot sales amid weak sentiment

Hong Kong’s government has surprised the market by announcing that it will not put any residential or commercial sites up for sale through tender in the last quarter of this financial year, the first time it has done so in 14 years.

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Hong Kong land sale
The latest news, analysis and opinion on Hong Kong land sale. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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