| ||
May 12, 2005
You are on the invidual archive page of Hong Kong's property market. Click Simon World weblog for the main page.
|
Hong Kong's property market
Two pieces in today's SCMP on potential changes in the Hong Kong Government's land sale policy. This is another test for The Don - will he buckle to the developers and start publishing reserve prices? Of course in most auctions the reserves are not disclosed, and for good reason. And the developers need to be careful what they wish for or they may get a taste of their own medicine. I'll let Jake van der Kamp explain: "The government should also announce the minimum reserve price of each site and be more flexible on the developers' proposed prices. Without knowing the base price, no one knows how much more they need to propose to make the government release a site for auction"The SCMP's editorial: The brief, almost throwaway line from housing minister Michael Suen Ming-yeung on Tuesday suggested the government is considering another shift in its land-sale policies. Mr Suen promised to "carefully consider" calls from property developers for the application list system - by which land is put up for auction - to be changed. This remark hinted at a retreat by the government from its strong support for the system. Only last month, Mr Suen paid tribute to its "clarity, certainty and consistency".posted by Simon on 05.12.05 at 11:39 PM in the
Trackbacks:
TrackBack URL for this entry: http://blog.mu.nu/cgi/trackback.cgi/80638 Send a manual trackback ping to this post. |
|