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Richard Woo

The Land Development Corp (LDC) will not go ahead in forming joint ventures with Cheung Kong (Holdings) and Henderson Land Development for four redevelopment projects.

Analysts believed the lapse of the deals, which were announced in 1999, might be due to differences over detailed conditions for the ventures amid the volatile property market.

An LDC spokesman said the four agreements had never been finalised. Once completed, the projects were to have been handed over to the future Urban Renewal Authority, the spokesman said.



Redevelopment deals with LDC called off