Pu Qin: In the new fiscal year, the initial total estimated value of 9 residential land parcels in the land sale list is approximately HK$12.9 billion.

Director Li Junjie of Prudential Valuation and Consultancy stated that the newly released land sale plan for the 2026/27 fiscal year involves 9 residential land parcels, with a preliminary total valuation of approximately HK$12.9 billion. The Hong Kong property market is showing signs of stability and a clear upward trend, which will be beneficial for land sale revenue next year. The residential land parcel in Area 106A of Tung Chung, which is expected to provide 990 units and is located by the sea, is projected to be launched in the first quarter. Considering that the project completion time can match the expected opening of the MTR Tung Chung East Station in 2029, as well as the moderate size of the land parcel and the area's popularity among aviation industry professionals, it is anticipated that the project will attract investors to enter the market actively. Li Junjie believes that the response to the land tender at that time will be promising. Apart from the three residential land parcels in Hung Hom that are combined for sale in a "district development" manner, the other new residential land parcels in Ho Man Tin and Shek Mun are also located in areas with mature community facilities. Considering the recent recovery in the Hong Kong property market, with increasing transaction volume and prices, they are expected to be well-received by developers, which will be reflected in the number of bidders and bid prices.