Land revenue for this financial year will fall $19 billion below target to its lowest level in a decade, according to new forecasts.Thursday, 6 December, 2001, 12:00am
Land revenue for this financial year will fall $19 billion below target to its lowest level in a decade, according to new forecasts.
The Finance Bureau revised down its estimates of income from land sales and charges of land-use to $8.5 billion from the $27.5 billion forecast in March.6 Dec 2001 - 12:00am
The Town Planning Board has decided to rezone the Tung Tau Industrial Area - home to most of Yuen Long's factories and warehouses - into business use to enable commercial development.
Kerry Properties and Lai Sun Development, which hold properties in the area, are expected to benefit from the move.10 Nov 2001 - 12:00am
Developers have submitted five pre-sale consent applications for unfinished residential projects.
This lifts the number of private flats pending approval at July 31 to 6,445, up 27 per cent month on month.
Analysts said the figure - up from 5,094 at June 30 - showed renewed confidence from developers as agents reported better sales.7 Aug 2001 - 12:00am
Lack of building applications lodged in the first four months of the year reveals that property firms have no interest in developing industrial units, according to Midland Realty.
The property consultant said developers would rather build residential or commercial projects on industrial sites, citing approvals for new residential conversion of 6,680 units at present.9 Jul 2001 - 12:00am
Large-scale luxury residential and office transactions rose by almost 20 per cent in value in the first half of the year, compared with the same period last year, according to a survey by Jones Lang LaSalle.
The transaction value of deals worth more than HK$50 million each amounted to HK$7.12 billion in the six-month period, compared with HK$6 billion a year ago.4 Jul 2001 - 12:00am