Developers are hiking or reviewing their selling prices on the back of bullish sentiment in the property market following Tuesday’s healthy land auction for two sites at Kowloon Tong and Ma On Shan.
Cheung Kong (Holdings) (0001) will add up to 8.8 percent at its Sausalito project in Ma On Shan, pushing prices up to as much as HK$8,000 per square foot for some waterfront-view units, when it restarts sales this weekend.
Cheung Kong deputy chief manager for sales William Kwok Tsz-wai said when construction costs of HK$1,500 psf and interest costs …

Hong Kong’s latest government land auction made a great success Tuesday by reaping 5.18 billion HK dollars (664 million U.S. dollars) on two sites totaled at 22, 528 square meters.
Hong Kong tycoon Li Ka-shing’s Cheung Kong won the auction of the larger lot at 176,960 square foot (16,400 square meter) in Ma On Shan, New Territories for 3.24 billion HK dollars (417 million U.S. dollars).
The land with an opening price for 2.4 billion HK dollars is expected to reach 3.6 billion HK dollars at most but sold at a price …

After days of dilly-dallying, the government has finally put on hold the auction of land in the tourist resort of Gulmarg. The decision follows widespread protests and fears that if the land is leased to “outsiders”, it will undermine the special identity granted to the state under Article 370 of the Constitution.
But the government’s backing down has only helped widen the gap between the Valley and the rest of the country. The decision to put land lease on hold means that no big hotel chain will invest in Gulmarg.
According to …

A beachfront property in Gordon’s Bay is to be auctioned on site at 11:00 on Wednesday, November 22 by Pam Golding Commercial Auctions.
The house at 143 Beach Road, within walking distance of the beach, restaurants and shops, comprises three distinct divisions – all in good condition, say the auctioneers.
The top floor comprises three bedrooms, two bathrooms, an open plan lounge and kitchen, while the ground floor incorporates two self-contained flats which are ideal for letting.
Situated on an erf of 400 m², the buildings occupy the bulk of this space. There …

A Hong Kong-listed developer has called off a global auction of one of Shanghai’s most expensive apartment buildings, blaming government restrictions on foreign investment in Chinese real estate.
Tomson Group Ltd has been struggling with little success for a year to sell parts of its plush Tomson Riviera residential complex, where the biggest units have been offered at US$20 million or more.
In July, the company put one of the complex’s four towers up for bidding in a global offer.
It advertised the riverfront property, located in the Lujiazui financial district, extensively in …

One of the largest auctions of property in the history of Central America is off to an accelerated start, according to officials involved with the land sale.
The sale of nearly 17,000 acres of
prime coastal property in the nation of Belize in a sealed bid auction has
already attracted dozens of potential bidders, it was announced today by H.
Frank Stanley of the Houston office of Cushman & Wakefield, which is
overseeing the marketing of the property. “This is a fast paced process,” said
Stanley, “as we will be opening sealed bids on December 11, …

The four-bedroom Memphis, Tennessee home that once belonged to country star JOHNNY CASH is up for auction. The Walnut Grove Place house, where Cash and his first wife VIVIAN lived from 1957 to 1960, was placed under the hammer on Internet auction site eBay on Friday (10NOV06). The residence includes the guitar-shaped mailbox Cash erected outside and other little bits of Cash memorabilia. The current bid stands at $100,000 (GBP55,500). The auction continues until 10 December (06). The sale of the home is being facilitated by the Honky Tonk Hall …

Press Release
From a hippy commune to an award winning contemporary office space and then on to foreclosure, the little spot has had quite a life. November 15th, 2006 could change history again for the 2 acre parcel in Worthington, Ohio as it seeks a new owner through a Court Ordered Auction.
The property, now known as 5721 N. High St., began as a small parcel of land with a modest home. According to one of the former owners, when she purchased the property in 1988, it was being used as a …

Online auction research service PriceMiner has signed agreements with a number of offline auction houses to include their historical pricing information in their research database. The auction house data, combined with information already available from eBay, GoAntiques and TIAS.com expands PriceMiner’s database to more than 20 million records on the sales of art, collectibles and antiques, more than 13 million of which have photos.

Press Release
An auction of nearly 17,000 acres of prime coastal property in Belize, Central America, is underway, culminating in a sealed bid opening on December 11. Situated less than seven miles from the Belize international airport and a half hour drive from Belize City, the property encompasses several separate tracts of land with incredible potential for either residential or resort development.
This once-in-a-lifetime purchase opportunity is being offered by property owner Mayan Plantation Limited, utilizing the Houston office of Cushman & Wakefield as its exclusive agent. Gerhart Walch, Chairman of Mayan …