Land Sales Particulars

The A.V. of HKD 9,246 per sq ft fell within market expectations.

The accommodation value was close to the upper-end of market expectations.

The telecom company acquired the industrial site for HKD 5.6 billion.

The A.V. of the site was 32% below the amount paid for a nearby site in 2017.

The accommodation value was close to the lower limit of market expectations.

The Hong Kong Government has unveiled that it will release 15 residential sites and seven commercial or industrial sites in its land sale programme for the 2020/21 financial year.

The accommodation value of the site was close to the lower limit of market expectations

The accommodation value was the lowest achieved among all urban sites sold via government land sales in sixteen years.

The accommodation value was 8% lower than the nearby site sold five months earlier.

A luxury residential site in Tai Hang has been sold to CITIC Pacific for HKD 3.2 billion.

Developers becoming cautious in bidding for land

A waterfront site in Kai Tak has been awarded to a consortium comprising of China Overseas Land and Investment, Henderson Land, K Wah International and Wharf Development.