The residential land on Anderson Road in Kwun Tong. It is one of three sites that might attract lower bids from Hong Kong property developers. Photo: Martin Chan The residential land on Anderson Road in Kwun Tong. It is one of three sites that might attract lower bids from Hong Kong property developers. Photo: Martin Chan
The residential land on Anderson Road in Kwun Tong. It is one of three sites that might attract lower bids from Hong Kong property developers. Photo: Martin Chan

Bids for Hong Kong’s land tenders may come in with 20 per cent discounts, foretelling more woes for city’s real estate industry

  • Estimated valuations of three plots could be cut by as much as a fifth by property developers
  • Developers’ bids will be ‘indicative of the property market and economy in the future’: Centaline Surveyors

Topic |   Hong Kong property
The residential land on Anderson Road in Kwun Tong. It is one of three sites that might attract lower bids from Hong Kong property developers. Photo: Martin Chan The residential land on Anderson Road in Kwun Tong. It is one of three sites that might attract lower bids from Hong Kong property developers. Photo: Martin Chan
The residential land on Anderson Road in Kwun Tong. It is one of three sites that might attract lower bids from Hong Kong property developers. Photo: Martin Chan
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