The day's biggest news dissected by the day's newsmakers. Diverse opinions from across the political spectrum. The show that makes you decide, are you the Left, Right or the Centre?
…
continue reading
Content provided by RTHK.HK. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RTHK.HK or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!
Go offline with the Player FM app!
'Revenue not the only consideration for land sales'
MP4•Episode home
Manage episode 436295430 series 3315931
Content provided by RTHK.HK. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RTHK.HK or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Development chief Bernadette Linn says financial proceeds are just one of the factors the government considers when it comes to the pace of land sales, saying market sentiment and the effect on prices of putting a plot up for sale are also important. Amid a sluggish property market, the government has eight plots in its land sale programme in the current financial year. One plot in Sha Tin was put up for sale in the last quarter, and another in the same area in the quarter before that. Speaking in an exclusive interview with RTHK, Linn said if a plot goes unsold or the bids received are far lower than market estimates, it can hurt property prices in the relevant district. The minister said officials therefore need to assess the sentiments of the market and developers when making decisions. She said the land sale programme can serve as an adjustment tool and if there is sufficient private land, then the government doesn't need to roll out as much. The secretary noted that in the past three financial years, not all sites in the programme were made available for bidding. Linn also described the economy as being at a turning point right now. "Many people have expectations about the US cutting interest rates later. Will Hong Kong follow? Everyone can see the market sentiments, like in the past half a year, there has been economic growth," she said. "But everyone is taking the wait and see approach - whether the growth is sustainable. Investors are taking that approach, and so are developers who bid for land." Linn also shot down the idea of returning to the system before 2013, when land sales were triggered by developers' applications. She said the government needs to have control over land provision and stability, saying the public could get very pessimistic about the market if developers are conservative and don't make applications. For the current financial year, the government has yet to put up any commercial plots for sale. Linn said if office vacancy rates in the upcoming quarters remain similar to current levels, there's a chance the government will continue to defer rolling out plots. She said there are currently plenty of commercial buildings under construction, and so supply is not a problem.
…
continue reading
15 episodes
MP4•Episode home
Manage episode 436295430 series 3315931
Content provided by RTHK.HK. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RTHK.HK or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Development chief Bernadette Linn says financial proceeds are just one of the factors the government considers when it comes to the pace of land sales, saying market sentiment and the effect on prices of putting a plot up for sale are also important. Amid a sluggish property market, the government has eight plots in its land sale programme in the current financial year. One plot in Sha Tin was put up for sale in the last quarter, and another in the same area in the quarter before that. Speaking in an exclusive interview with RTHK, Linn said if a plot goes unsold or the bids received are far lower than market estimates, it can hurt property prices in the relevant district. The minister said officials therefore need to assess the sentiments of the market and developers when making decisions. She said the land sale programme can serve as an adjustment tool and if there is sufficient private land, then the government doesn't need to roll out as much. The secretary noted that in the past three financial years, not all sites in the programme were made available for bidding. Linn also described the economy as being at a turning point right now. "Many people have expectations about the US cutting interest rates later. Will Hong Kong follow? Everyone can see the market sentiments, like in the past half a year, there has been economic growth," she said. "But everyone is taking the wait and see approach - whether the growth is sustainable. Investors are taking that approach, and so are developers who bid for land." Linn also shot down the idea of returning to the system before 2013, when land sales were triggered by developers' applications. She said the government needs to have control over land provision and stability, saying the public could get very pessimistic about the market if developers are conservative and don't make applications. For the current financial year, the government has yet to put up any commercial plots for sale. Linn said if office vacancy rates in the upcoming quarters remain similar to current levels, there's a chance the government will continue to defer rolling out plots. She said there are currently plenty of commercial buildings under construction, and so supply is not a problem.
…
continue reading
15 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.