Hong Kong to offer 1 land plot for housing this quarter in ‘prudent and paced’ approach

Quick Summary:

The property market sentiment still remains relatively weak and the interest rate environment is relatively high,’ says secretary for development.

The government has only sold one site in the current financial year: a 1,127-square-metre site on Kai Fuk road in Kowloon Bay.

In the first quarter, the government offered another residential site in the same area of Sha Tin.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong Kong

Topics: Yuen Financial Units Residential Road Land Site Sites Tender Government Quarter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 19:34:30 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 743 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21482143

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