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  1. Property - Hong Kong & China - LAND AUCTIONS

    Big developers in Hong Kong take cautious approach to land auctions

    Posted Jul 10th 2013, 12:00am by Yvonne Liu

    ... auctions, spent HK$1.46 billion to buy just one residential site in Sai Kung. That's a drop of 71 per cent on its spending from December 2011 to September last year. However, measured ...

  2. Property - Hong Kong & China - PROPERTY DEVELOPMENT

    Hong Kong developers’ profit margins squeezed

    Posted Mar 06th 2014, 11:25am by Sandy Li

    ... 5 per cent. Citing land prices in Kau To Shan, Sha Tin, for sites sold at government auctions, Louie said they almost doubled from HK$5,332 per sq ft in August 2011 to HK$10,551 per sq ft in May ...

  3. City set for new auction record

    Posted Jun 08th 2011, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com The auction tomorrow of the Borrett Road luxury residential site in Mid-Levels is likely to set a record land price for Hong Kong, according to property ... Savills' Chan said only two or three major developers would be able to join the bidding in their own right, but others may form a consortium. Samsung's Wong believes a positive land auction ...

  4. Luxury site sets Kowloon record at land auction

    Posted Sep 01st 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu A luxury residential site in Kowloon topped records at a land auction yesterday, underpinning the buoyancy of the runaway property market. Property sales, which had fallen ... estimates in land auctions held since the government introduced measures to slow the property market last month. Singapore joined Hong Kong in imposing anti-speculation measures this week, ...

  5. Auction fails to boost secondary market prices

    Posted Oct 12th 2005, 12:00am by Staff Reporter

    ... Agency's Centa-City Leading Index. A widely quoted explanation is that the high prices paid at the government land auction on September 27 reflected some developers' expectations of home ... at government auctions directly with apartments for sale in the same districts. One way to evaluate prices at land auctions is to compare unit land cost per squarefoot (obtained by dividing ...

  6. 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 ...

  7. High interest expected for land auction

    Posted Jul 31st 2007, 12:00am by Sandy Li

    ... Sandy Li Developers are expected to make aggressive bids at today's land auction for a rare large urban site amid an unexpected jump in Hong Kong's stock market, according to property agents. The prediction comes in light of Midland Realty's announcement yesterday that the number of transactions in its survey of 35 major housing estates hit 333 last week, ...

  8. Two Kowloon sites tipped to fetch more than HK$6b

    Posted Jul 01st 2010, 12:00am by Sandy Li

    ... Sandy Li Two medium-sized residential sites in Kowloon were triggered for auction yesterday, a move that showed developers were eager to replenish their land banks in urban areas. ... billion for a luxury residential site in Ho Man Tin early last month. It was the second-highest price ever for a development site sold by auction. Pang Shiu-kee, the managing director of SK Pang ...

  9. Kowloon lots fetch heavy premium

    Posted Sep 27th 2005, 12:00am by Staff Reporter

    ... LAI YING-KIT Updated at 6.02pm: The government on Tuesday sold three Kowloon residential lots for $10.15 billion in the first land auction for the 2005-06 financial year. The auction was announced in August- about two months after the government modified the land application list system. It was also the first residential land auction since October last year. Two adjacent lots ...

  10. SITES SET on luxury

    Posted May 27th 2011, 12:00am

    ... Kenneth Ko The government's auction season continued on May 12. This time it was a little different as the three sites were all suitable for developing luxury properties. Despite ... want to buy property to hedge against inflation. This supports the rise of property prices.' The other two sites auctioned were at 62 Begonia Road in Kowloon Tong, which was bought ...




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