MTR Corporation invited developers on Friday to express their interest in the new phase of its Lohas Park residential project in Tseung Kwan O.
The railway company will kick off the tendering shortly after March 26, the deadline for the expressions of interest.Friday, 21 March, 2014, 1:33pm
The 83,033 sq ft site at the junction of Fat Kwong and Sheung Foo streets could fetch between HK$3.8 billion and HK$4.38 billion, according to four surveying firms polled by the South China Morning Post.5 Jun 2013 - 4:40am
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
Their valuations have not been affected by the doubling of stamp duties on properties worth HK$2 million or more, and tighter conditions for lending, announced on February 22 nor the scrapping last week of the land application list system.6 Mar 2013 - 4:40am
When it comes to market intervention, the less the better. In Hong Kong, the formula has been tried and tested and contributes to our success in being named the world's freest economy for many years. However, when market forces fail, the government is expected to step in. The series of measures introduced by the government to stabilise the red-hot property market is a case in point.4 Mar 2013 - 3:27am 2 comments
MTR Corp has withdrawn its residential site in Tin Shui Wai from tendering, as no developer submitted a bid for the site by the deadline yesterday. Surveyors said the land premium charged by the Lands Department was too high.21 Feb 2013 - 6:07am
Tenders will close today for the 196,248 sq ft site near the Tin Wing light-rail station. According to the MTR Corp, the site can yield a total gross floor area of about 979,500 sq ft, of which more than 99 per cent will be designated for building about 1,600 flats.20 Feb 2013 - 4:40am
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
Ocean Park has launched a new tender for its first hotel, aiming to open it in 2016 - three years behind schedule.
The Ocean Hotel at the park's main entrance should have opened this year and the Fishermen's Wharf Hotel at Tai Shue Wan in 2015.
But the plans lapsed in November 2011 because of a lack of interest by developers.9 Jan 2013 - 5:17am
The latest policy measures aimed at curbing the rise in property prices will have little impact on the outcome of this week's sale of two residential sites at Tseung Kwan O and on Peng Chau, say surveyors.
The tender for the sites closes on Friday.19 Sep 2012 - 3:17am