Hong Kong's Yau Tong Bay residential project could be split into four phases to loosen land premium payments, The Standard reported Friday, citing sister publication Sing Tao Daily.
The project, jointly built by six developers including Henderson Land (HKG:0012) and Sun Hung Kai Properties (HKG:0016), is seen to offer 6,236 homes, according to the report.
The developers have yet to agree with the government on the land premium, which was set at HK$19.5 billion in 2024, 35% lower than the HK$24.5 billion set in 2023, the report said.
Developers still rejected the offer due to the lengthy redevelopment period, which could increase interest rates, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。