{"id":119620,"date":"2020-12-29T18:55:42","date_gmt":"2020-12-29T11:55:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-to-sell-four-plots-next-quarter-as-it-looks-to-shore-up-its-land-sales-revenue\/"},"modified":"2020-12-29T20:06:06","modified_gmt":"2020-12-29T13:06:06","slug":"hong-kong-government-to-sell-four-plots-next-quarter-as-it-looks-to-shore-up-its-land-sales-revenue","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-to-sell-four-plots-next-quarter-as-it-looks-to-shore-up-its-land-sales-revenue\/","title":{"rendered":"Hong Kong government to sell four plots next quarter as it looks to shore up its land sales revenue"},"content":{"rendered":"


\nHong Kong\u2019s government, staring at its biggest fiscal deficit in years, faces about HK$60 billion (US$7.7 billion) of potential shortfall in land sales revenue as developers\u2019 cautious approach to investment had forced several commercial sites to be withdrawn from tender.The government is pressing ahead with selling four parcels of land in the last quarter of the current financial year ending March 31 as it looks to narrow the budget shortfall of HK$300 billion.Four sites \u2013 three residential and\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong government to sell four plots next quarter as it looks to shore up its land sales revenue<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s government, staring at its biggest fiscal deficit in years, faces about HK$60 billion...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-119620","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-v7m","jetpack-related-posts":[{"id":113477,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-faces-hk10-billion-potential-shortfall-in-land-sales-revenue-as-city-faces-first-fiscal-deficit-in-15-years\/","url_meta":{"origin":119620,"position":0},"title":"Hong Kong faces HK$10 billion potential shortfall in land sales revenue as city faces first fiscal deficit in 15 years","date":"January 8, 2020","format":false,"excerpt":"\r Hong Kong is likely to miss its target of collecting HK$143 billion (US$18.3 billion) in revenue from land sales and premium revenue in the current financial year to March 31, likely contributing to the city\u2019s first budget deficit in 15 years.The government has generated HK$113.8 billion of such revenue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-to-sell-land-worth-at-least-us21-7b-to-bolster-land-bank-for-homes-and-commerce\/","url_meta":{"origin":119620,"position":1},"title":"Hong Kong to sell land worth at least US$21.7b to bolster land bank for homes and commerce","date":"March 2, 2018","format":false,"excerpt":"\r Hong Kong\u2019s government, fresh from reporting its biggest fiscal surplus since 1997, will bolster the city\u2019s land bank for commerce and homes by selling a record HK$170 billion (US$21.71 billion) of land in the financial year starting April 1. The government will sell four plots of commercial land plus\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44247,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-land-parcels-worth-over-hk30bn-set-for-government-tender-in-february\/","url_meta":{"origin":119620,"position":2},"title":"Hong Kong land parcels worth over HK$30bn set for government tender in February","date":"February 15, 2017","format":false,"excerpt":"\r Hong Kong developer New World Development has won a government land site in Cheung Sha Wan after paying a higher-than-expected HK$7.794 billion. This is one of four parcels of land up for tender in February, the largest number of land plots for sale in a single month in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139743,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-to-sell-only-1-plot-this-quarter-putting-revenue-target-of-us10-8-billion-from-land-sale-out-of-reach\/","url_meta":{"origin":119620,"position":3},"title":"Hong Kong government to sell only 1 plot this quarter, putting revenue target of US$10.8 billion from land sale out of reach","date":"October 4, 2023","format":false,"excerpt":"\r The Hong Kong government will tender only a single parcel of land in the current quarter, as sales have been scaled down because of poor response and prevailing market conditions.\r \r Source : South China Morning Post\r Read more...Hong Kong government to sell only 1 plot this quarter, putting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104513,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sino-land-reports-half-year-profit-of-hk2-37-billion-expects-improved-sales-in-second-half\/","url_meta":{"origin":119620,"position":4},"title":"Hong Kong\u2019s Sino Land reports half-year profit of HK$2.37 billion, expects improved sales in second half","date":"February 28, 2019","format":false,"excerpt":"\r Hong Kong property developer Sino Land reported a 73 per cent drop in underlying net profit attributable to shareholders for the July to December period, with the decline attributed to distortions created by one-off asset disposals in the year earlier period.Underlying profit, excluding the revaluation gains on investment property,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119033,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-government-may-have-to-step-up-on-land-sales-as-two-failed-auctions-starve-the-coffers-of-much-needed-revenue\/","url_meta":{"origin":119620,"position":5},"title":"Hong Kong\u2019s government may have to step up on land sales as two failed auctions starve the coffers of much-needed revenue","date":"October 28, 2020","format":false,"excerpt":"\r Hong Kong\u2019s government, which depends on land sales for up to a fifth of its annual fiscal revenue, may have to put more plots on the market to fill its coffers amid the city\u2019s worst recession, after two failed auctions in October and May.A site in Tung Chung near\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119620"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=119620"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119620\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}