Three plots of land the Hong Kong government is going to sell through tender could attract bids that are up to 20 per cent below mid-2019 levels, which in turn could determine transaction volume and prices in the world’s most expensive property market, industry consultants said.A residential plot in Mong Kok, the tender for which closes on Friday, a commercial plot in Kai Tak and residential land on Anderson Road in Kwun Tong, the tenders for which close next month, could see their estimated…
from South China Morning Post https://bit.ly/2KnlfcT
Wednesday, April 22, 2020
Bids for Hong Kong’s land tenders may come in with 20 per cent discounts, foretelling more woes for city’s real estate industry
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