Property News · May 15, 2020

Hong Kong mixed development project receives nine bids, but offers will be low, analysts say


Hong Kong’s first residential plot of land designated for a mixed development comprising private and subsidised homes, to be developed by private builders, is expected to attract low offers despite an enthusiastic response, with developers unwilling to invest big in an experimental project amid an economic recession, analysts said.“The number of bids is within expectations. The response is quite good. Even as developers are interested … the offers will not be high,” said Thomas Lam, executive…

Source : South China Morning Post
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