Land Auction

Hong Kong developers’ profit margins squeezed

In 2010, Wharf (Holdings) and Nan Fung Development paid HK$10.4 billion for a site in Mount Nicholson Road on The Peak. Photo: Oliver Tsang

Fat profit margins may soon be a thing of the past for Hong Kong developers as they get squeezed by falling home prices on one hand and soaring construction costs on the other, coupled with increased competition from mainland rivals that bid up land prices.

Friday, 8 May, 2015, 10:47am

Beijing halts tender of hot land site at politically sensitive time

Land is in demand in Beijing's Central Business District.

Beijing suspended the tendering for a plot of land in its central business district this week to avoid further escalation of prices in the frothy real estate market at a politically sensitive time.

The hot demand for land in the capital since last year has attracted media attention and sparked concern about falling profit margins among developers.

22 Feb 2014 - 1:17am

Shanghai site fetches year high of 4.6b yuan

Mainland developers' appetite for development sites is growing. Photo: Bloomberg

Mainland developers' appetite for development sites is growing, with Beijing Fu Run Tian Cheng yesterday paying the highest amount in Shanghai, .4.6 billion yuan (HK$5.83 billion), for a commercial and residential site.

30 May 2013 - 3:13am

Keen interest seen in Qianhai's first land sale

Qianhai has been designated as a central business district and for high-end development. It will launch its first land auction in the first half of the year. Photo: Edward Wong

Qianhai, a 15 square kilometre zone, would launch its first public land auction in the first half of the year, Xinhua reported. After the land was auctioned off, 4 million to 5 million square metres of residential property would be built on it this year, the agency said.

15 Mar 2013 - 5:48am

Urgent need to restart Hong Kong land auctions

Government should restart land auction to break the stranglehold a few developers now have over the residential market. Photo: Dickson Lee

The one glaring omission from the policy address with regard to an increase in land supply and subsequent increase in flat supply was an unequivocal statement to immediately restart government land auctions.

30 Jan 2013 - 4:07am

Auction of two residential sites defy new bid to cool property market

The site at Ma On Shan was bought by Cheung Kong for HK$2.9 billion, 5 per cent higher than the maximum evaluation. Photo: Dickson Lee

Two residential sites have sold for higher-than-expected prices only two weeks after the government introduced new measures to cool the property market.

8 Nov 2012 - 3:35am 1 comment

Business Digest, October 18, 2012

BHP Billiton expects China's growth to decline to about 7 per cent to 8 per cent this year.

China Life warns of 55pc plunge in profit

18 Oct 2012 - 4:47am

Hangzhou moves to rein in land prices

Potential buyers at a Hangzhou property expo. Photo: Xinhua

The Hangzhou local government has imposed new measures in an attempt to keep the lid on record-high prices paid for land sites and aid Beijing in its efforts to cool the property market.

18 Oct 2012 - 4:47am

Smaller property players call for sale of carved-up sites

A clutch of big developers supply half the city's new flats. Smaller developers want smaller plots to help them compete. Photo: K.Y. Cheng

With half of the city's new flats supplied by a few major developers, small to medium-sized property companies want more small plots auctioned off to help them compete against their bigger rivals.

3 Oct 2012 - 1:54am