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Hong Kong land tender gets just one bid, likely to be withdrawn

Tepid response for Lantau Island parcel continues a dismal year for government land sales, which as of November achieved only 14.2 per cent of the fiscal-year target of HK$85 billion (US$10.9 billion), with six sites withdrawn, JLL says. ....

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Hong Kong developer Sino Land wins Kai Tak land tender with a US$676 million bid, a nine year-low, beating a crowded field of rivals

Sino Land outbid its rivals with a winning price of HK$5.3 billion for a plot of land in Hong Kong’s Kai Tak neighbourhood, which some analysts said was conservative given the stagnating economic environment. ....

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