• Mon
  • Dec 22, 2014
  • Updated: 8:49pm

Tendering

MTR invites developers to express interest in new phase at Lohas Park

The previous phase at Lohas Park was released for tendering seven years ago. Photo: Thomas Yau

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

Strong bidding interest expected for luxury site in Ho Man Tin

The 83,033 sq ft site at the junction of Fat Kwong and Sheung Foo streets

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

Sun Hung Kai Properties won a HK$4.14 billion auction for a residential and a hotel site on Wednesday. Photo: Felix Wong

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

Cooling measures not seen as affecting prices for development sites

This site at the junction of Sheung Lok Street and Sheung Shing Street in Ho Man Tin, Kowloon, is one of the few prime central sites available to homebuilders. Photo: Nora Tam

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

Hong Kong needs to speed up land supply mechanism

Secretary for Development Paul Chan Mo-po announced that the 14-year-old land sale system would be replaced by regular tender. Photo: Sam Tsang

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

Developers make no bids for MTR Corp's Tin Shui Wai homes site

Kingswood Villa, Tin Shui Wai. Photo: Edward Wong

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

Tin Shui Wai site set to attract large and small bidders

The residential site is near Tin Wing light-rail station.

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

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

Ocean Park launches new tender for first hotel

Ocean Park chairman Allan Zeman hopes the new tender will secure a deal to build the 495-room Ocean Hotel by 2015.

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

Cooling measures unlikely to affect sale of residential sites at Hong Kong's Tseung Kwan O and on Peng Chau

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

Draft regulations take aim at corruption in tendering

New draft regulations aimed at combating corruption in tendering for projects have been approved at State Council meetings chaired by Premier Wen Jiabao.

2 Dec 2011 - 12:00am

BIDDING GOES HIGH

A luxury residential site in Island South was sold in an open tendering for HK$498 million. At HK$38,488 per sq ft, 35 South Bay Road was believed to have achieved the second highest price in a government tendering. Twelve bidders competed for the site, making it the most popular government tender this year.

25 Nov 2011 - 12:00am

Siblings jailed three years for tender fraud

Two brothers and a sister were jailed for three years yesterday for conspiring to cheat the judiciary by successfully tendering for a HK$61 million contract using forged documents.

District Court Judge Andrew Chan Hing-wai sentenced Lui Mei-chi, 41, his sister Lui Mei-chong, 40, and their brother Lui Yuen-fai, 36, on one count of conspiracy to defraud.

17 Jul 2007 - 12:00am

Designs for Tamar building submitted

The four construction consortiums invited to submit designs for the government's HK$5.2 billion new headquarters at Tamar on the Admiralty waterfront have handed in their tenders.

Their design proposals will go on public view, the government said, as the tendering period has ended.

17 Feb 2007 - 12:00am

Department takes over 3 flat projects

Builder that lost $1.3b contracts considers options

The Housing Department is taking over a construction company's three building sites today despite facing legal action after terminating its contracts this week.

17 Feb 2006 - 12:00am

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