• Wed
  • Jul 30, 2014
  • Updated: 11:03am

Land sales

Developers’ caution in buying land could threaten local government finances

"Caution" is a word commonly used by mainland developers when talking about their land acquisition plans this year. That bodes ill for some local governments that are under pressure to refinance.

Wednesday, 2 April, 2014, 2:50am

Rezoning delays could thwart government’s plans to boost land supply

The government has released 34 sites, enough for the building of 15,500 flats, in the upcoming programme. Twenty-one of the sites have not been rezoned for residential use.

12 Mar 2014 - 6:12am 2 comments

Record land sales revenues leave local governments worried about further property curbs

Record revenues from land sales last year were a mixed blessing for heavily indebted local governments on the mainland.

They worry the central government will be provoked to launch a fresh round of curbs to prevent overheating of the property market.

10 Jan 2014 - 4:02pm

Uncertain outlook drags on luxury flat site price

Wheelock Properties outbid 11 developers to win the 83,033 square foot site for HK$3.83 billion, or HK$9,875 per square foot. Surveyors had estimated it would fetch between HK$3.8 billion and HK$4.38 billion.

15 Jun 2013 - 3:29am 3 comments

Large Guangzhou site sells for record price

A large residential site in Guangzhou sold for a record 4.56 billion yuan (HK$5.73 billion) at a government auction last week, underscoring optimism about the housing market in first-tier cities over the next several years.

12 Jun 2013 - 4:07am

Luxury site attracts developers

Developers have shown keen interest in a luxury residential site in Ho Man Tin, with its tender attracting 13 bids. A commercial site in Ma On Shan, however, received just eight bids, said a spokesman for the Lands Department.

8 Jun 2013 - 4:03am

'Land kings' re-emerge in Chinese buying spree

"Land kings" refers to a term for land transactions at record prices. Bigger and smaller players are entering the fray, added Alan Jin, an analyst at Mizuho Securities.

5 Jun 2013 - 4:40am

Two home sites to go out for tender

The government will put two residential land sites - one in Tseung Kwan O and another on Lantau Island - up for sale next month in a tender that is expected to fetch a total of up to HK$4.14 billion.

25 Apr 2013 - 6:15am

Sun Hung Kai pays more than expected for luxury site; Cheung Kong cuts prices

Sun Hung Kai Properties won a luxury residential site at Kau To Shan in Sha Tin, paying a higher-than-expected HK$1.42 billion. It's a sign the appetite of big developers for high-end sites has not been curbed by the government's market-cooling measures.

28 Mar 2013 - 4:27am

Surveyors lower valuation on Sha Tin residential site amid cooling measures

The government released the residential site in Sha Tin's Kau To Shan and a hotel site in the former North Point Estate on the harbour front in front of Java Road Municipal Services Building for tender in January. The tender period closes on Friday.

20 Mar 2013 - 5:22am

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