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Hong Kong Kicks Off Tender for Central Waterfront Site 3 - Vimarsana News

Hong Kong Kicks Off Tender for Central Waterfront Site 3

Mingtiandi Username New Central Harbourfront Site 3 could reshape Hong Kong’s waterfront (Image: Benoy) The government of Hong Kong has officially begun marketing a slice of Central district’s waterfront to developers, but a depressed property market has dampened expectations for the trophy land sale. The city’s Lands Department announced on Friday that it had commenced the open tender of Site 3 of the New Central Harbourfront, a commercial plot that had earlier been projected to fetch HK$40 billion ($5.16 billion), with the sale process set to conclude on 18 June 2021. “Our vision is...

Local property market holding up - Vimarsana News

Local property market holding up

Property prices will fall by 5 percent next year as the unemployment rate continues to rise, a realtor predicts.In luxury housing, although ...