About 30 per cent of more than 5,500 new flats sold between January and March this year were sold through tender. Photo: Martin Chan

Hong Kong developers water down new guidelines on controversial sales through tender

  • The move comes just a week after the city’s biggest developer was prosecuted for breaching official rules around the tender process
Topic |   Hong Kong property

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About 30 per cent of more than 5,500 new flats sold between January and March this year were sold through tender. Photo: Martin Chan
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Beijing Capital Land’s 60,000 square metre Zhongguancun Integrated Circuit Park in the Chinese capital. The company is talking to five other cities about developing similar industrial properties. Photo: Handout

Hong Kong-listed developer Beijing Capital Land fast tracks projects to stay competitive

  • Company reduces average project cycle by 58 days to boost sales
  • In talks with five cities for development of industrial estates for hi-tech companies
Topic |   Hong Kong property

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Beijing Capital Land’s 60,000 square metre Zhongguancun Integrated Circuit Park in the Chinese capital. The company is talking to five other cities about developing similar industrial properties. Photo: Handout
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