Caution on land tenders key to Hong Kong’s property recovery: analysts

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Analysts suggest a cautious approach to land tenders in Hong Kong's Northern Metropolis development zone to sustain the recent recovery in the residential property market. The government has set a tender deadline for several plots in the Hung Shui Kiu/Ha Tsuen New Development Area.

As Hong Kong moves forward with its huge new Northern Metropolis development zone, analysts argue the government should take a cautious approach to land sales to help sustain the recent recovery in the residential property market. The large-scale project near the border with the Chinese mainland continues to progress, as the government set a tender deadline for midday on Friday for several plots in the Hung Shui Kiu/Ha Tsuen New Development Area. The parcels of land – which comprise three...