Hong Kong developers shell out HK$52.6bn in 2014.

Analysis, Slider 28 Oct 2014
Hong Kong developers shell out HK$52.6bn in 2014.

Barclays has estimated that for all 16,288 units in 2014,Including the 15 October 2014 land tender award of the 2,900 unit Tai Wai Station project to New World Development.  Hong Kong developers have spent around HK$52.6bn 2014.

According to a research note, among its covered Hong Kong property companies, SHKP has been the biggest buyer of land, spending HK$9.2bn and adding 4,898 units to its pipeline.

In value terms, Sino Land is the next largest, spending an estimated HK$6.85bn on 1,780 units.

Although New World also added 2,900 units to its pipeline, the report said its land costs were reduced by giving up the retail podium for Tai Wai Station to the MTR in exchange for HK$7.5bn in land premium payment.

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