Property News · October 24, 2018

Why did Hong Kong scrap The Peak land tender if it’s not in service of a high-price policy?


The withdrawal of a luxury residential site at The Peak from the city’s tender last week has sparked concern about the government’s pricing strategy at a time of shifting market sentiment.
Analysts said that additional land sites could be withdrawn from tender for failing to meet the government’s reserve price, if officials persist with a high land price policy.
“The government may not have been sensitive enough to the changes in the market, that’s why it set a…

Source : South China Morning Post
Read more…Why did Hong Kong scrap The Peak land tender if it’s not in service of a high-price policy?

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