Tender results boost for Hong Kong property

Residential sites in Tseung Kwan O and Jordan that opened for tender yesterday are expected to be attractive to developers after the better-than-expected land tender result yesterday.

"The land tender result indicated sizeable developer confidence in the outlook for the market," said Ringo Lam Chun-chiu, director for valuation at A.G. Wilkinson & Associates.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1078233/tender-results-boost-hong-kong-property