The city's two largest property developers are the only members of the Real Estate Developers' Association (Reda) which do not support the group's view that a freeze on public land sales should be extended for one year.
Reda president Stanley Ho Hung-sun said Cheung Kong (Holdings) and Sun Hung Kai Properties (SHKP) abstained from an August 25 vote on a proposal to call for the suspension of land sales for an additional 12 months.
'The remaining members had a consensus view to call for an extension of the land-sale freeze for another year,' Mr Ho said.
Last November, the government halted land auctions and stopped accepting applications. The government is expected to decide whether to resume sales this month when it introduces measures to prop up the market.
SHKP vice-chairman and managing director Thomas Kwok Ping-kwong said the housing market would not be affected by a resumption in public land sales.
Mr Kwok said the government should let the market determine the direction of the property sector.
