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Hong Kong land sale

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The Hung Shui Kiu plot could be developed into a building with 388,685 square metres of floor space, CBRE estimates. Photo: Handout

Hong Kong to sell second logistics site on sweetened terms after feedback

The winner is to surrender 20 per cent of the floor space to the government to ensure its financial viability, instead of 30 per cent; plot ratio reduced to lessen cost.

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Hong Kong to sell residential land plot to maintain housing supply

Editorial | No one is a bystander in Hong Kong’s development

Hong Kong property leaders back leaving abolished land sale mechanism in the past

Development minister Bernadette Linn earlier said authorities had no plans to bring back application-based land sale mechanism axed in 2013.

Official figures show 14,200 private flats are currently under construction as of June, while developers have yet to sell about 19,000 homes. Photo: Sam Tsang

Hong Kong architects call for early launch of public projects to boost sector

Institute of Architects chief Benny Chan says repeated failed tenders prompted some firms to lay off employees and force staff to go on unpaid leave.

Editorial | Lessons to be learned from failed tender for subsidised Hong Kong flats

Site the latest to be held back by Hong Kong government after sole bid did not meet reserve price amid weak property market.

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‘Give Hong Kong developers more incentives to join subsidised housing scheme’

Experts also urge authorities to restore market confidence following failed first land bid under Private Subsidised Sale Flat Pilot Scheme.

Analysts have also urged authorities to bolster confidence in the property market. Photo: Yik Yeung-man

Sun Hung Kai plans 600-unit project in Fanling via land exchange scheme

Hong Kong’s largest developer completes first land exchange agreement with the government under the revised arrangements for the Enhanced Conventional New Town Approach.

Hong Kong government rejects bid in tender for private sector to build subsidised flats

Lands Department rejects bid as tendered premium did not meet reserve price on Chai Wan site, the first of three under pilot scheme.

Editorial | Limiting land sales for now a wise move

When market sentiment improves, Hong Kong officials can always adjust the availability of new sites.

This parcel of land in Sha Tin can support around 280 flats. Photo: Sam Tsang

SHKP wins hotly contested plot in Sha Tin for price at mid-point of estimates

The amount paid – HK$3,952 per square foot – was less than half the price commanded by a comparable parcel of residential land sold off by the government almost two years ago in the same area.

The parcel of land, which can support around 280 flats, went for HK$619 million (US$79.29 million) or HK$3,952 per square foot, according to Land Department filings on Wednesday. Photo: Sam Tsang

Hong Kong land sale ‘far exceeds’ expectations as 11 firms submit bids

Despite the slumping property market, major developers CK Asset and Sino Land are among the firms vying for a plot of land that will support 280 flats in Sha Tin.

First batch of 376 Hong Kong land leases to be renewed beyond 2047

Ordinance gazetted on Friday will allow 50-year extensions to take leases beyond crucial 2047 date, in move hailed by lawmakers and industry.

Hong Kong to offer only 1 residential land plot this quarter

‘The property market sentiment still remains relatively weak and the interest rate environment is relatively high,’ says secretary for development.

This plot of land at the junction of Siu Lek Yuen Road and Sha Tin Wai Road in Shatin, pictured on July 4, 2024, will be put up for tender this quarter. Photo: Sam Tsang

Opinion | Why Hong Kong government should abort artificial islands project

In fiscally challenging times, the government has delayed the Kau Yi Chau reclamation project and is considering private financing for it. Instead, the time should be used to rigorously re-examine whether the project ought to move forward at all.

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The Kau Yi Chau project would create 1,000 hectares of land for 500,000 residents in the middle of the sea. Photo: Jelly Tse

Hong Kong’s Lantau Tomorrow plan delayed by 2 to 3 years, finance chief says

Announcement of delay to artificial islands mega project made amid city’s expected fourth deficit exceeding HK$100 billion in five years.

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Hong Kong to take more cautious approach to land sales, development chief says

Development chief Bernadette Linn rolls out land sale programme for coming financial year, with eight residential sites estimated to provide 5,690 private flats.

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Opinion | Hong Kong land and housing supply must flow even in a downturn

Rather than be deterred by sluggish market sentiment, the government should adapt its approach to land creation and housing construction – by sequencing its development priorities, offering smaller land parcels, or turning more land over to building subsidised housing.

A general view of Lok Ma Chau area that is to be developed into an innovation and technology hub. In view of the economic challenges, the government should first develop the Lok Ma Chau Loop before building the control point and the town centre. Photo: May Tse

‘Hong Kong considering Central location for national achievements museum’

Triangular site between International Financial Centre and Central Ferry Pier No 7 in Central among locations being considered for new museum, government source says.

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Hong Kong to sell smaller plots of land to boost sales, development chief says

Development minister Bernadette Linn says past experience suggests developers more interested in smaller plots of land during economic downturn.

Hong Kong halts residential, commercial plot sales amid weak sentiment

Hong Kong’s government has surprised the market by announcing that it will not put any residential or commercial sites up for sale through tender in the last quarter of this financial year, the first time it has done so in 14 years.

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Hong Kong’s Kwun Tong area. Photo: Jelly Tse

Editorial | Moves on Hong Kong land supply step in right direction for city development

Relaxed conditions on land exchanges should boost Hong Kong’s Northern Metropolis project and extension of land premium scheme is also welcome.

Hong Kong authorities are stepping up efforts to free up land for development. Photo: Shutterstock

Hong Kong’s Fanling golf course wins Unesco conservation award

Site is at centre of redevelopment plan to build thousands of public flats, with authorities already taking back 32-hectare portion of course in September.

Sole bidder Sino Land gets Lantau Island plot for 20% below market value

Sino Land, the only bidder in the tender for a plot of land on Lantau Island, has paid nearly 20 per cent less than market expectations as Hong Kong’s housing market continues to languish.

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Several groups vying to run first batch of Hong Kong temporary flats: minister

Winnie Ho has defended government decision to remove a housing site in Sheung Shui, saying the location is too remote.

A site on Wong Tai Sin Road is set to provide hundreds of temporary public housing flats. Photo: Jelly Tse

Hong Kong land tender gets just one bid, likely to be withdrawn

Tepid response for Lantau Island parcel continues a dismal year for government land sales, which as of November achieved only 14.2 per cent of the fiscal-year target of HK$85 billion (US$10.9 billion), with six sites withdrawn, JLL says.

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A general view of Cheung Sha on Lantau Island, Hong Kong. Photo: Handout

Hong Kong’s Ma Tau Wai project awarded to Sino Land after US$272 million bid

A Sino Land-led consortium won the right to develop a plot in Hong Kong’s Shing Tak Street from the Urban Renewal Authority (URA), after its bid displayed confidence in a highly sought location.

Hong Kong sees record 6 failed land tenders amid high interest rates: Colliers

The city saw a record six failed land tenders this year as high interest rates, a sluggish economy and complex development requirements diminished developers’ appetite to acquire new plots, according to Colliers.

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Hong Kong land sale
The latest news, analysis and opinion on Hong Kong land sale. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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