GLOPRAGlobal Property Radar

Hong Kong land sale, November 2026: Ho Man Tin winner paid 33.6% more

Hong Kong disclosed the losing bids for a Ho Man Tin housing site on 6 November 2026. The winner had paid 33.6% more than the highest of them.

The facts

  • The Lands Department published the nine unsuccessful tender amounts for a Ho Man Tin residential site on 6 November 2026. The highest of them was HK$3,225,000,000.
  • That site was awarded earlier, on 6 October 2026, for a premium of HK$4,308,288,000, a figure +33.6% above the highest unsuccessful bid.
  • Asia Insight Investments Limited won it, with Kerry Properties Limited as its parent company, on a 50-year land grant.
  • Kowloon Inland Lot No. 11301, at Fat Kwong Street, covers about 5,170 square metres. Its maximum gross floor area is 19,300 square metres and its minimum 11,580, both excluding the Government Accommodation.
  • The nine losing bids ran from HK$3,225,000,000 down to HK$2,223,300,000.
  • Neither release gives the number of tenders received, an accommodation value per square foot, a valuation or a market comment.

What it means for your money

  • One bidder set the price. The winning bid stood 33.6% above the highest of the nine losing ones, so this sale leaves no land benchmark.
  • No delivery date for these flats is on the public record. The site allows at most 19,300 square metres of floor area, and neither release gives a completion deadline.
  • An owner of residential property in Kowloon now has one nearby land transaction on record at this land price, against a market where Glopra's data put Hong Kong home prices 19.9% below their level five years ago.

What to watch

  • The flat count and the building covenant date, which the land grant conditions set and neither release states.
  • The next Kowloon residential tender, and where its bids fall against the HK$3,225,000,000 and HK$4,308,288,000 figures in this one.
  • Unsuccessful tenderers are published anonymously, so who the nine underbidders were stays unknown.

Sources: Lands Department https://www.info.gov.hk/gia/general/202611/06/P2026110600556.htm; Lands Department https://www.info.gov.hk/gia/general/202610/06/P2026100600508.htm

Market data: Hong Kong