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  1. Swire eyes Mid-Levels site ahead of auction

    Posted May 20th 2011, 12:00am

    ... levels in recent auctions for almost all segments, not just the ones for luxury housing. We are interested in the Borrett Road site but can't say [now] if we will actively bid for it,' said executive director Martin Cubbon. Surveyors said the 1.05 hectare luxury residential site, which will be auctioned on June 9, could set a record of HK$10.9 billion, or HK$25,000 per sq ft. ...

  2. Fanling residential site to be auctioned after HK$1b pledge

    Posted Apr 17th 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu A mass residential plot in Fanling was triggered for auction with a minimum guaranteed bid of HK$1.05 billion yesterday, the second such site triggered for auction in a month. ... guaranteed bid of HK$1.0538 billion for the site. It will be the opening bid at the auction when the site is offered for sale on May 24. Alnwick Chan Chi-hing, executive director at Knight Frank, ...

  3. Land auction puts price laggard Tung Chung back on the map

    Posted Apr 28th 2010, 12:00am by Sandy Li

    ... and prices. All that appears set to change after a residential site in the area was triggered for auction on March 26 by a developer's expression of interest- focusing attention once again ... will now be sold at auction on May 11. Property consultants believe the site could sell for up to HK$4.6 billion, representing an accommodation value of HK$2,900 per sq ft, 46 per cent above ...

  4. HKEx auction halted after HSBC plunge

    Posted Mar 13th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu Hong Kong Exchanges and Clearing will suspend its controversial 10-minute closing auction after huge swings in the price of high-profile stocks raised suspicions of trading abuse. The suspension takes effect on March 23. It follows uproar over a plunge in HSBC's share price during the auction on Monday that contributed to the banking giant losing 24.14 per cent ...

  5. Sheung Shui site fetches HK$61m in first land auction in 12 months

    Posted May 06th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu and Fulton Mak The government yesterday sold a small piece of land for twice the floor price in its first auction in almost a year while an official report showed property sales ... opening bid, and beat analysts' expectation of between HK$39 million and HK$50 million. The auction was the first since May last year as developers shied away from buying land amid the weak ...

  6. HKEx sets 2pc cap on closing auction prices

    Posted Feb 12th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu The Hong Kong stock exchange will limit share price swings in its controversial closing auction session to no more than 2 per cent in either direction, according to an exchange ... the exchange extended trading hours by 10 minutes, adding a closing auction session during which investors can use tenders to determine the closing prices of stocks. This replaced the old method ...

  7. Big developers to benefit from successful land auction

    Posted Aug 29th 2007, 12:00am by Yvonne Liu

    ... on the outlook of residential projects in the mainland and seldom mentioned commercial properties,' Mr Lam said. 'But the better than expected land auction result shows more investors ...

  8. Retail investors gain from closing auction

    Posted Jun 07th 2008, 12:00am by Enoch Yiu

    ... Frederick Yeung and Enoch Yiu Hong Kong Exchanges and Clearing said the abnormal trading activities in the closing auction session on May 30 benefited retail investors as they bought low ... but they also gained from fund managers adjusting their portfolios. 'Retail-based exchange participants and investors in particular appear to have used the rebalancing and the closing auction ...

  9. Wheelock triggers auction of Aberdeen site

    Posted Sep 01st 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu Wheelock Properties, a mid-tier developer in search of development sites, triggered an auction for a residential site in Aberdeen with a bid of HK$2.5 billion. The site could ... an auction for a residential site in Tai Po by offering a minimum bid of HK$3.08 billion. The Lands Department yesterday said it had accepted Wheelock's guaranteed bid of HK$2.5 billion ...

  10. Henderson urges MTR site auction

    Posted Jan 11th 2008, 12:00am by Sandy Li

    ... billion South Island Line. Tony Tse Wai-chuen, the general manager for sales at Henderson Land, said it would be fairer to offer the sites for public tender or auction instead. 'Then, other ... if it auctioned the sites instead of granting them to MTR. Mr Leung, who is also an executive director at New World Development, said the association would consider submitting its views to the government, ...




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