Deals
Hong Kong May Sell Two Sites for HK$6.25 Billion
This article is for subscribers only.
Hong Kong’s efforts to cool home prices may damp bidding at a land auction today that will test developers’ confidence after the government tightened mortgage rules and pledged to increase supply.
The sale of two plots on the Kowloon Peninsula may raise a combined HK$6.25 billion ($804 million), according to the median estimate of seven analysts surveyed by Bloomberg News. At least four analysts cut their forecasts after the government announced the measures on Aug. 13.