Property News · July 6, 2021

Hong Kong’s second-quarter residential land tenders set to fuel bidding war amid supply squeeze


Hong Kong’s failure to provide sufficient land for private housing is expected to keep competition alive among small and medium-sized developers in this quarter’s land-sale programme, just as the city’s property market is turning rosy again.The government will offer two parcels of land for public tender in the July-to-September quarter, enough to provide only 200 flats in an under-supplied housing market. The plots at Kowloon Tong and Yuen Long could see keen bidding, with one analyst raising…

Source : South China Morning Post
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