Rare residential plot in Repulse Bay likely to draw strong bids from developers as outlook for luxury housing improves

A rare plot of residential land coming up for auction in Repulse Bay is likely to attract the interest of developers as the luxury housing market improves amid an easing of the coronavirus pandemic, according to market observers.It is one of two parcels designated for low-density residential development to be sold in the Hong Kong government’s land sales programme in the three months to December, the other being in Tai Po.“The residential plot in Repulse Bay would be the most sought after [of…

Rare residential plot in Repulse Bay likely to draw strong bids from developers as outlook for luxury housing improves
A rare plot of residential land coming up for auction in Repulse Bay is likely to attract the interest of developers as the luxury housing market improves amid an easing of the coronavirus pandemic, according to market observers.It is one of two parcels designated for low-density residential development to be sold in the Hong Kong government’s land sales programme in the three months to December, the other being in Tai Po.“The residential plot in Repulse Bay would be the most sought after [of…