A West Kowloon site has been triggered for sale under the application list, and will be put up for auction on May 8 with an opening bid of $2.605 billion.
The site, at the junction of Hoi Wang Road, Yan Cheung Road and Yan Yau Cheung Road, will be offered for sale at the Hong Kong Cultural Centre in the first land auction of this financial year.
Designated for non-industrial purposes, the site is about 8,060 square metres and a minimum gross floor area of 36,270 square metres must be completed.

The auction of the Trade Centre II plot will take place during the International Property Show 2007, which is scheduled to run from April 3-5.
The land being auctioned covers an area of 14,731 sq. ft. and has been designated for commercial and residential development. Humaid Al Shamsi, Head of Auctions at Dubai Land Department, said: ‘The International Property Show 2007 is the ideal platform to launch our biggest public auction.
‘We are certain that there will be a great deal of interest for a premium piece of real estate …

The ISA Annual Conference on Personal Property Appraising, presented by the International Society of Appraisers April 12-16, 2007, Ft. Worth, TX provides a broad spectrum of information and activities directly relating to the field of Personal Property Appraising.
If you’ve never attended ISA’s Annual Conference before, you owe it to yourself – and your appraising [...]

New-home sales in the U.S. unexpectedly fell in February to the lowest since June 2000, dimming prospects for a quick revival in housing.
Purchases declined 3.9 percent to an annual pace of 848,000 last month from a revised 882,000 rate in January that was lower than previously reported, the Commerce Department said today in Washington. The supply of unsold homes at the current sales pace rose to the highest in 16 years.
Cold weather and concern that a glut of unsold homes will further depress prices may have deterred homebuyers, economists said. …

Starboard TCN Worldwide Commercial Real Estate, headed by Hans Hansson, has established an Auction Services Group under the direction of David C. Rutgers, a veteran auctioneer who has sold more than 40 condominium projects at auction.
Starboard’s first auction will take place on Saturday, April 28, with the sale of six high-end condominiums in the Sonoma [...]

NEW real estate legislation has the potential to “completely kill” Adelaide’s currently thriving auction market, according to the Real Estate Institute of South Australia.
President Mark Sanderson said he feared some of the proposed changes – which include allowing only one vendor bid at auction and the compulsory registration of bidders – could destroy the industry’s most transparent method of sale.
Compulsory registration would mean any potential buyer who either arrived late or decided to bid during the course of the auction would not be allowed.
Mr Sanderson said if people were forced …

Salthouse Mills is back up for sale through London auctioneer Erinaceous Auctions on Friday with a guide price of £2.25m.
It comes after it failed to sell during a similar auction run by Barnard Marcus with a guide price of £3m last month.
The property was originally priced at £6.5m just five months ago.
An online advertisement linked to both auctioneers reads: “Salthouse Mills is a prime site for regeneration. Recognised as a Brownfield site and currently an eyesore on the townscape, the site offers a purchaser the early opportunity to acquire …

On Saturday, auctioneers will attempt to affix a price to a seemingly priceless piece of history.
The 345-year-old Bray House, located at 100 Pepperrell Road, is Maine’s oldest home, built in 1662 by shipwright John Bray of Plymouth, England.
From its beginnings as a two-room house with an attached lean-to, the house grew into a mansion with 300 feet of frontage on Pepperrell Cove, and an estimated value of at least $1 million.

Sales of previously owned homes in the U.S. unexpectedly rose 3.9 percent in February, the biggest monthly gain in almost three years, a sign the housing market is recovering even as lending standards tighten.
Purchases increased last month to an annual rate of 6.69 million, from 6.44 million in January, the National Association of Realtors said today in Washington. Sales were down 3.6 percent from a year earlier.
The report, together with a gain in February housing starts reported this week, bolsters the view that housing will gradually stop being a drag …

AUCTION clearance rates are running high in Adelaide as both buyers and sellers turn to the age-old method of buying property.
The clearance rate of residential property has not fallen below 70 per cent for the past six weeks, with no sign of subsiding.
At this time last year, clearance rates were between 50 and 60 per cent.
Real Estate Institute of South Australia president Mark Sanderson said there was strong demand for property across the metropolitan area and the high clearance rate at auctions confirmed this.
“Buyers are active in the market at …