Asian Surveying & Mapping
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HONG KONG SAR - The Hong Kong Institute of...
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Singapore Geospatial Festival 2021
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Rajnath Singh unveils South Asia’s largest Genomics research centre in Hyderabad
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New satellite system could improve Australia’s water quality management
An analysis carried out by the University of New...

August 9th, 2011
Hong Kong Sells Land Below Surveyors’ Estimates

Hong Kong’s government, which is boosting housing supply to ease soaring home prices, today sold a site at auction 33 percent below estimates after stock markets were roiled by the U.S.’s debt downgrade. A group including Kerry Properties Ltd. and Sino Land Co. bought the land in the Sha Tin district on the first bid for HK$5.5 billion ($704 million), below the HK$8.25 billion median estimate of five in a Bloomberg News survey. Transactions of used apartments at the 10 biggest private projects in Hong Kong fell over the weekend from a week earlier as buyers were deterred by concerns the U.S.’s loss of its top credit rating will extend equity declines. Read More