A luxury residential site on The Peak has received five bids from property developers, reflecting a cooling appetite for risk as sentiment in the property market continues to soften, amid the fallout of the US-China trade war, rising financing costs and a sharp decline in the stock market, according to one expert.
Analysts said the large scale and cost of developing the site, combined with other upcoming land tenders were reasons only a handful of bids were received, despite the rarity of the…
Source : South China Morning Post
Read more…Hong Kong’s tender for a rare land site on The Peak receives ‘unenthusiastic’ response of just five bids















