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Hong Kong land sale

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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
An aerial view of Tai Wai, Sha Tin. Photo: Shutterstock
Hong Kong property

Hong Kong land sale to fetch around US$76 million amid developer caution

The New Territories site – the only residential plot offered in the previous quarter – has attracted bids from six developers.

Hong Kong housing

Hong Kong to expedite approvals to keep construction sector from contracting

Hong Kong property

Hong Kong to offer single land plot this quarter amid developer caution

Hong Kong housing

Hong Kong floats land premium offer to boost interest in 2 large sites

Incentive aims to promote modern industrial development at two sites in Northern Metropolis.

A site in Hung Shui Kiu has 45 per cent of its 12.5 hectares reserved for “enterprise and technology park” purposes. Photo: Winson Wong
Hong Kong politics

Hong Kong will not restore land-sale scheme axed in 2013, development chief says

Mechanism allowed developers to apply for sites listed by the government and offer a minimum price, triggering a public auction or tender.

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.

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Hong Kong property

Cautious bids expected for second try at Hong Kong land sale

MTR Corp’s tender for a Tung Chung site follows a senior government official’s call for developers to show faith in Hong Kong’s future.

A train passes by a construction site of MTR Corporation’s extension of the Tung Chung Line on Lantau Island on October 22, 2024. Photo: Elson Li
Hong Kong property

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

Development costs, poor returns may be holding back developers from URA joint ventures, analysts say.

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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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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.

A view of the STTL 625 site in Sha Tin. Photo: Handout
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.

The tender for a land parcel located at the junction of Siu Lek Yuen Road and Sha Tin Wai Road in Sha Tin closed on Friday. Photo: Sam Tsang
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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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.

General view of Tai Wai as seen in July 2021. The government will offer a single residential plot for sale in the area in the current quarter. Photo: May Tse
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.

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.

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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.

The site on Cheung Man Road in Chai Wan for development under the private subsidised housing scheme. Photo: Housing Department
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.

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.

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.

Workers at a public housing construction site in Cheung Sha Wan. Photo: Xiaomei Chen
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.

This parcel of land in Sha Tin can support around 280 flats. Photo: Sam Tsang
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.

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.

Development minister Bernadette Linn says the move “creates more favourable conditions for Hong Kong to pursue economic growth”. Photo: Sun Yeung
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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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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