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2026-07-03 13:00:54 CBRE stated that the first large-scale land disposal in the Hung Shui Kiu/Ha Tsuen New Development Area closed tender on July 3, 2026 (today), receiving at least two bids, with the total number of bidding consortiums expected to be fewer than five. Under the current challenging business environment, the tender response reflects that the market remains interested in large-scale development opportunities in the Northern Metropolis. The pilot project received fewer than five bids in total, with participation below the market interest reflected during the government's earlier expression of interest (EOI) stage and subsequent promotion efforts over the past year. The firm believed market participation was milder than expected, with bidding appetite influenced by multiple factors, including limited supply of enterprise and technology park (E&T) operating partners, project commercial viability, regulatory and execution uncertainties, as well as long-term responsibilities and risk allocation arrangements. Such market feedback could serve as a reference for optimizing future large-scale land disposal. ~ AASTOCKS Financial News Website: www.aastocks.com | |