• Fri
  • Dec 19, 2014
  • Updated: 11:13am

Public Auction

Beijing needs refocus on climbing property prices

While the international media lamented the weak Copenhagen Accord and tried to pin blame, the mainland media have focused on something much more mundane at home - soaring property prices.

Monday, 21 December, 2009, 12:00am

Mainland developers cautious

Auction sites withdrawn as credit squeeze raises lending costs

Warning bells have rung for investors in the mainland property market, with news that some sites advertised for sale in Shenzhen were withdrawn from public auction last week.

16 Apr 2008 - 12:00am

Property deals to come under scrutiny

Special deals struck between city governments and favoured property developers ahead of public auctions will come under increasing scrutiny on the mainland where regulations outlaw such private negotiations, consultants say.

5 Dec 2007 - 12:00am

What listing means in the land sale system

A requirement that all government sites must be sold by way of public auction, tender and listing was introduced by the mainland government in 2004.

But while tenders and auctions are similar to the practice in the western world, what does listing mean in the mainland's land sale system?

5 Dec 2007 - 12:00am

Developers' whinge is overstated as their margins remain high

'High prices paid by developers at government land auctions over the past two years are likely to put the squeeze on their future profit margins as the outlook for the market grows increasingly uncertain.'

SCMP, May 31

1 Jun 2006 - 12:00am

Slow sales in new homes dent demand for land, says academic

A slowdown in sales of new homes since a land auction in September has dampened developers' appetite for land, an academic said after another month in which no bid was received to trigger a government auction of sites for development.

14 Apr 2006 - 12:00am

Auction fails to boost secondary market prices

The value of second-hand units dips as homeowners appear unmoved by the results of the government land sale

The sale last month of three residential sites at higher than expected prices has failed to boost prices in the secondary market

12 Oct 2005 - 12:00am

Dwindling supply of new flats to call developers' bluff

Forget rising interest rates and developers' complaints that the government is setting land prices too high. Today's auction of three residential property sites should go off like a rocket, almost certainly raising more than $8 billion.

27 Sep 2005 - 12:00am

Developers cautious at first site auction

The Beijing municipal government's first public auction of land in the prime central business district attracted tepid interest, amid tight credit policies and other central government measures designed to cool an overheated property sector.

18 Jun 2004 - 12:00am

Fresh caution on land sales

Another conservative land disposal programme was unveiled by the Government for the next financial year yesterday amid continuing fragility in the property market.

Only 10 small residential sites were placed on a definite for-sale schedule.

5 Mar 2002 - 12:00am

Policy on land sales to remain

Director of Lands Bob Pope said yesterday the Government had no intention of cutting its land sales programme in the face of a depressed market, but admitted land transactions were set to suffer a substantial decline this year.

23 Jan 1998 - 12:00am

Cooling home market needs careful touch

THE addition of three residential sites to the public auction list shows that the Government is putting its words into action - increasing land supply to control costs in the housing market.

23 Dec 1994 - 12:00am

Land sales schedule tightens

WITH seven plots of Crown land already held back from public auction, the Government will have to come up with a tight schedule in order to sell the remaining lots within the fiscal year, analysts say.

23 Nov 1994 - 12:00am

Cautious attitude

YESTERDAY'S auction results can hardly be representative of property market sentiment because of the Fanling site's awkward location and the Sha Tin lot's small size.

But there is no doubt that developers are taking a cautious attitude in land acquisitions in the face of uncertain market conditions.

21 Oct 1994 - 12:00am

Vessel faces auction

THE Guangzhou Maritime Court will auction the Russian-flagged Karaganda, owned by Russia's Baltic Shipping Co, on January 20 to pay money owed to Shenzhen Moscow Industry and Trade.

27 Dec 1993 - 12:00am