{"id":122864,"date":"2021-10-28T17:45:15","date_gmt":"2021-10-28T10:45:15","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtrs-tung-chung-sale-draws-a-tepid-response-as-developers-recoil-at-huge-sum-needed-to-build-in-inconvenient-location\/"},"modified":"2021-10-28T18:08:07","modified_gmt":"2021-10-28T11:08:07","slug":"mtrs-tung-chung-sale-draws-a-tepid-response-as-developers-recoil-at-huge-sum-needed-to-build-in-inconvenient-location","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtrs-tung-chung-sale-draws-a-tepid-response-as-developers-recoil-at-huge-sum-needed-to-build-in-inconvenient-location\/","title":{"rendered":"MTR\u2019s Tung Chung sale draws a tepid response as developers recoil at huge sum needed to build in inconvenient location"},"content":{"rendered":"


\nA major sale of residential land in Hong Kong drew a tepid response from developers, as six of the seven companies that showed interest last month recoiled at the investments needed, in a possible shift in priorities amid the government\u2019s plan to build a Northern Metropolis near the city\u2019s border with Shenzhen.A plot in Tung Chung on Lantau Island, where the city\u2019s Disneyland resort and airport are located, received at least five bids, far fewer than the 35 expressions of interest, according to\u2026
\n
\nSource : South China Morning Post
\nRead more…MTR\u2019s Tung Chung sale draws a tepid response as developers recoil at huge sum needed to build in inconvenient location<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A major sale of residential land in Hong Kong drew a tepid response from developers,...<\/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-122864","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-vXG","jetpack-related-posts":[{"id":123055,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtr-rejects-all-five-bids-for-plot-at-tung-chung-lantau-island-as-developers-recoil-at-huge-sum-needed-to-build\/","url_meta":{"origin":122864,"position":0},"title":"MTR rejects all five bids for plot at Tung Chung, Lantau Island, as developers recoil at huge sum needed to build","date":"November 5, 2021","format":false,"excerpt":"\r The MTR Corporation has rejected all five bids for a large residential site in Tung Chung on Lantau Island after the plot elicited a cool response from Hong Kong\u2019s developers.\u201c[MTR] has decided not to accept any of the tender submissions [and] will retender the project in due course,\u201d the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-withdraws-land-sale-at-kai-tak-airport-site-after-tepid-bids-by-developers-amid-citys-economic-contraction\/","url_meta":{"origin":122864,"position":1},"title":"Hong Kong withdraws land sale at Kai Tak Airport site after tepid bids by developers amid city\u2019s economic contraction","date":"May 13, 2020","format":false,"excerpt":"\r Hong Kong\u2019s government has withdrawn a land sale at the city\u2019s former Kai Tak Airport site after a tepid response from bidders, as the city\u2019s worst economic contraction in decades amid the coronavirus pandemic deterred developers from long-term investments.A plot at the former Kai Tak Airport site, which can\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148228,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/second-try-for-hong-kong-land-sale-draws-33-developers-as-cautious-bids-expected\/","url_meta":{"origin":122864,"position":2},"title":"Second try for Hong Kong land sale draws 33 developers as cautious bids expected","date":"November 21, 2024","format":false,"excerpt":"\r MTR Corp\u2019s tender for a Tung Chung site follows a senior government official\u2019s call for developers to show faith in Hong Kong\u2019s future.\r \r Source : South China Morning Post\r Read more...Second try for Hong Kong land sale draws 33 developers as cautious bids expected","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":164049,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/li-ka-shings-ck-asset-shkp-among-six-bidders-for-mtrs-tuen-mun-site\/","url_meta":{"origin":122864,"position":3},"title":"Li Ka-shing\u2019s CK Asset, SHKP among six bidders for MTR\u2019s Tuen Mun site","date":"November 5, 2025","format":false,"excerpt":"\r CK Asset Holdings, the flagship company of Hong Kong tycoon Li Ka-shing, and Sun Hung Kai Properties (SHKP), the city\u2019s largest developer, are two of six bidders for a parcel of land in the New Territories that is estimated to provide 1,280 residential units and car park spaces. MTR\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plot-of-land-in-rural-kwu-tung-draws-strong-response-from-hong-kong-developers-betting-on-future-housing-demand-transport-links\/","url_meta":{"origin":122864,"position":4},"title":"Plot of land in rural Kwu Tung draws strong response from Hong Kong developers betting on future housing demand, transport links","date":"July 23, 2021","format":false,"excerpt":"\r A medium-sized residential site in one of the least developed areas of Hong Kong has generated a strong response from developers vying to get their hands on some of the limited land available in the world\u2019s most expensive property market.Twelve bids were submitted for the site \u2013 called Area\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171782,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/6-bids-for-hong-kong-land-sale-signal-renewed-confidence-despite-market-caution\/","url_meta":{"origin":122864,"position":5},"title":"6 bids for Hong Kong land sale signal renewed confidence despite market caution","date":"May 15, 2026","format":false,"excerpt":"\r The Hong Kong government\u2019s first land sale in the current financial year has drawn six bids, according to the Development Bureau, including those from the city\u2019s largest developers, suggesting a more confident outlook for the residential property market. At the close of tender for Tung Chung Town Lot No\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\/122864"}],"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=122864"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122864\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}