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South China Morning Post
South China Morning Post
AsiaPac · 1 hrs ago
78◉ Centre
6 bids for Hong Kong land sale signal renewed confidence despite market caution
78Credibility
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Credibility 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline

Hong Kong's first land sale of the financial year attracted six bids from major developers including SHKP, Kerry Properties, and Sino Land, indicating cautious optimism in the residential property market despite broader economic uncertainties.

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6 bids for Hong Kong land sale signal renewed confidence despite market caution
The Hong Kong government’s first land sale in the current financial year has drawn six bids, according to the Development Bureau, including those from the city’s largest developers, suggesting a more confident outlook for the residential property market. At the close of tender for Tung Chung Town Lot No 54 at Area 106A on Friday noon, Sun Hung Kai Properties (SHKP) submitted a solo bid, while Kerry Properties and Sino Land submitted a joint offer, the groups separately confirmed to the South...
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