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  1. Further fall in sales expected

    Posted May 09th 2007, 12:00am by Yvonne Liu

    ... residential projects. The developers are waiting for the result of the land auction of the residential site in West Kowloon,' Mr Wong said. As the price of the site in West Kowloon was lower than ... said the impact from the auction on the property market would be limited. 'The residential sites sold at the previous land auctions fetched higher than expected prices. But prices ...

  2. HK$3b bid for Tai Po site triggers auction

    Posted Aug 24th 2007, 12:00am by Yvonne Liu

    ... this year, has sparked yet another government land auction by offering a minimum bid of HK$3.08 billion for a Tai Po residential site. The Lands Department yesterday announced that the offer ... of as much as HK$6,158 per square foot, in line with the price for a nearby waterfront site acquired by the Sino Land-Nan Fung Development consortium in March this year. In that auction ...

  3. Land auction price targets lowered

    Posted May 23rd 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu The government is expected to generate land sales revenue of between HK$1.3 billion and HK$1.9 billion from the auction of two low-density residential lots in Tuen Mun on May 29. Some surveyors have lowered their price forecast for the sale of the two sites in the wake of the less than expected price paid for the West Kowloon site in the May 8 auction. Lanbase ...

  4. Bargain HK$5.56b bid wins auction for SHKP

    Posted Jun 13th 2007, 12:00am by Chloe Lai, Yvonne Liu

    ... yesterday equalled HK$6,066 per square foot. After the sale, Chris Millis, the auctioneer and assistant director of the Lands Department, said that while he could not comment on the impact of the judicial review on the auction, it 'had been well heralded, [and] the developers should have taken it into account when they were bidding'. Alexander Lui Yiu-wah, the managing director ...

  5. K Wah triggers two Tai Po site auctions

    Posted Jan 27th 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu K Wah International has triggered a government auction of two Tai Po residential sites barely two months after being outbid for land it had also triggered for sale. K Wah had ... a sufficient land bank,' K Wah spokesman Alex Lui Yiu-wah said. The developer had no development sites and triggering auctions for land on the government's application list was the only way ...

  6. Two West Kowloon sites set for auction

    Posted Aug 19th 2005, 12:00am by Chloe Lai, Sandy Li

    ... billion will be auctioned next month. The sale on September 27 already represents a number of milestones- the first residential land auction since last October, the first land auction ... for the land auction is going to be overwhelming, given that it has been 10 months since the last residential site was launched in the market,' Mr Lam said. 'The two sites can be built ...

  7. Goodies galore up for auction

    Posted Dec 14th 2006, 12:00am by Staff Reporter

    ... There are all sorts of goodies up for auction in this year's Operation Santa Claus. Here are a few tasters, but for bidding and more details, go to osc.scmp.com UNTIL DECEMBER 17: Pacific Coffee is donating the popular Jura-Capresso Impressa S9 Avantgarde espresso machine for auction. The retail value is HK$12,495 and the starting bid is HK$8,000. Please send your name, ...

  8. Developers join forces in bidding at land auction

    Posted Mar 14th 2007, 12:00am by Peggy Sito, Sandy Li, Yvonne Liu

    ... and joined forces at a land auction yesterday to snap up two residential sites in Tai Po for HK$5.61 billion. Analysts said the government could have obtained a higher price for the sites. Sino Land ... for the third site sold yesterday, a 29,601 sq ft plot in the centre of Tai Po. The auctioneer, Lands Department assistant director Graham Ross, said the result reflected market demand and strong market ...

  9. $2.49b residential site will be auctioned next month

    Posted Aug 24th 2005, 12:00am by Staff Reporter

    ... LAI YING-KIT Updated at 7.09pm: A Kowloon residential site worth $2.49 billion will be auctioned next month, a Land Department spokesman announced on Wednesday. This is the third residential land sale under the land application list system for this financial year. The first and second sales were triggered on August 18, involving two lots in West Kowloon. The auction ...

  10. Project rethink

    Posted Oct 21st 2004, 12:00am by Staff Reporter

    ... The government is under pressure not to award the West Kowloon cultural project to one developer, but to auction sites separately. Political and arts circles have questioned the current plan. What is your view? Write to us. ...




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