{"id":140111,"date":"2023-11-01T19:45:28","date_gmt":"2023-11-01T12:45:28","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-in-double-trouble-after-government-rejects-bids-for-tung-chung-site-deal-flow-in-oct-at-7-year-low\/"},"modified":"2023-11-01T19:48:26","modified_gmt":"2023-11-01T12:48:26","slug":"hong-kong-property-in-double-trouble-after-government-rejects-bids-for-tung-chung-site-deal-flow-in-oct-at-7-year-low","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-in-double-trouble-after-government-rejects-bids-for-tung-chung-site-deal-flow-in-oct-at-7-year-low\/","title":{"rendered":"Hong Kong property in double trouble after government rejects bids for Tung Chung site, deal flow in Oct at 7-year low"},"content":{"rendered":"


\nHong Kong\u2019s residential property market was dealt a double blow after the government withdrew a residential site in Tung Chung owing to low bids even as property deals in October fell to a more than seven-year low, highlighting the difficulty that the sector is facing amid economic uncertainty and high interest rates.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong property in double trouble after government rejects bids for Tung Chung site, deal flow in Oct at 7-year low<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s residential property market was dealt a double blow after the government withdrew a...<\/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-140111","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-ArR","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":140111,"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":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":140111,"position":1},"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":[]},{"id":171818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/non-traditional-bidder-tops-titans-bids-in-hong-kong-land-sale-with-aggressive-pricing\/","url_meta":{"origin":140111,"position":2},"title":"Non-traditional bidder tops titans\u2019 bids in Hong Kong land sale with \u2018aggressive pricing\u2019","date":"May 19, 2026","format":false,"excerpt":"\r Hong Kong construction and engineering company Able Engineering has secured a residential site in Tung Chung for a higher-than-expected HK$1.627 billion (US$207 million) premium, outbidding five groups of major developers in the city. Able Best, a construction and private development unit of Able Engineering, secured a 50-year land grant\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122864,"url":"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\/","url_meta":{"origin":140111,"position":3},"title":"MTR\u2019s Tung Chung sale draws a tepid response as developers recoil at huge sum needed to build in inconvenient location","date":"October 28, 2021","format":false,"excerpt":"\r A 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\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":140111,"position":4},"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":119109,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-buyers-hunt-for-bargains-in-tung-chung-tsing-yi-and-discovery-bay-as-cathay-pacific-staff-leave-hong-kong\/","url_meta":{"origin":140111,"position":5},"title":"Property buyers hunt for bargains in Tung Chung, Tsing Yi and Discovery Bay as Cathay Pacific staff leave Hong Kong","date":"November 4, 2020","format":false,"excerpt":"\r Bargain hunters can expect bigger discounts on property in districts close to Hong Kong airport, as foreign pilots and flight attendants leave the city amid mass lay-offs at Cathay Pacific group.Market observers say that areas like Tung Chung, Tsing Yi and Discovery Bay that were popular with the airline\u2019s\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\/140111"}],"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=140111"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}