2025-04-30 Squarefoot Editor
- Home
- News
- Property Hit News
- Land Prices Remain Flat In Weak Property Market
(Lai Tsz-tin) Hong Kong’s Development Bureau only launched a tender for one residential plot in Cheung Sha, Lantau Island in the third fiscal quarter, involving about 110 units, setting a record for the lowest supply of such homes in a single quarter in recent years. In addition, the city faces a backlog of new units, and land for sale is close to losing bids. Residential land in Kai Tak, Kowloon and Kennedy Town, Hong Kong Island, are over 9 and a half years old and 21 years old respectively, and hit new lows this year, as prices per square foot sunk to HK$5,392 and HK$7,070.
Revenue only accounts for about 10% of full-year target
Centaline Properties surveyor Cheung King-tat noted that the property market was in a downward spiral, with a dismal economic outlook, and high interest rates also affected developers' desire to invest in land. Moreover, the revenue from land sales during the year have only reached just over 10% of the full-year forecast.
Like 15
| Property Type | Price | Ads Period |
|---|---|---|
| For Sale Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:90 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |
| Rental Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:80 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |