>
Hong
Kong Govt. Cautions Home Buyers After Land Auction...
June 9, 2010 -- The Hong Kong government’s HK$10.9 billion ($1.4
billion) sale of a residential site at a public auction beat estimates and
showed home demand is withstanding efforts to cool the market.
Potential home purchasers should consider their ability to pay before taking out
mortgages, Financial Secretary John Tsang said today in the government’s latest
effort to discourage a bubble forming... continued ...
>
Hong
Kong auctions land, price beats forecasts ...
June 8, 2010 -- Hong Kong on Tuesday auctioned a piece of land at a
price that beat expectations, fuelling concern that the island's property market
could still face some overheating despite government measures.
Sun Hung Kai Properties Ltd., Asia's largest developer by market value,
won the bid and planned to invest HK$18 billion to develop the site into a
residential complex... continued ...
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Hong
Kong Site May Fetch $1.1 Billion in Auction ...
June 7, 2010 -- Hong Kong Real Estate Developers may pay HK$8.41 billion ($1.08
billion) for a residential site at a government auction tomorrow, as some
analysts cut their estimates after two previous land sales missed forecasts and
apartment prices fell in the last two weeks... continued ...
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Chairman
raises stake in Henderson Land Development...
June 4, 2010 -- Real Estate Tycoon Lee Shau-Kee, chairman of
Henderson Land Development Co Ltd., recently raised his shareholding in the
company to 55.06% from the previous 54.92%, according to the bourse operator
Hong Kong Exchange and Clearing.
Information from HKEx showed that Lee during May 27 to May 31 bought 3.04 million
shares of Henderson Land Development... continued ...
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Hong Kong's
Property Developers Face New Marketing Rules...
May 31, 2010 -- Bloomberg's Paul Gordon reports on the Hong Kong governments'
efforts to cool its property market and clamp down on marketing practices it has
criticized as very innovative... continued ...
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Hong Kong Govt fails to award $4 bln property project ...
May 28, 2010 -- Hong Kong's government has decided not to award the
tender for a HK$33 billion ($4.24 billion) housing project, suggesting that the
city's real estate market is continuing to stagnate under government measures to
curb speculation... continued ...
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Henderson Subsidiary Buys H.K. Land Below Estimates...
May 24, 2010 -- A Henderson Land Development Co. subsidiary bought a
building site in northern Hong Kong for HK$1.33 billion ($170 million) in the
second government auction this year to miss surveyors’ estimates. The government
was forecast to get HK$1.32 billion to HK$1.45 billion, with HK$1.37 billion the
median price, for the 8,900-square-meter (95,800 square feet) plot in the
Fanling area of the New Territories... continued ...
