中银国际-房地产行业更新报告

0314-English 2页

Good response from developers on three Tai Po sites. The
first land auction in Hong Kong for 2007 met with an overwhelming
response from developers. There were eight bidders for the Tai Po
Town Lot (TPTL) 187 Pak Shek Kok Site A, four for the TPTL 188 Pak
Shek Kok Site C and seven for the Plover Cove Road site. Nan Fung
Development, K.Wah International (0173.HK/HK$2.96, NR),
Chinachem Group, Henderson Land (0012.HK/HK$43.45, U), New
World Development (0017.HK/HK$18.50, MP), Sino Land (0083.HK/
HK$16.74, OP), Hang Lung Properties (0101.HK/HK$21.55, OP) and
Wheelock Properties (0049.HK/HK$7.73, NR) were among the
bidders. The Pak Shek