Total land income in the coming fiscal year is tipped to reach up to HK$33 billion amid a steady real estate market, analysts said.
Revenues from land auctions, land conversion premiums and private treaty grants rose slightly to HK$28.5 billion between last April and December from a year ago, the government said, not far short of its target of HK$31.9 billion for the full financial year to the end of next month.

Financial Secretary Henry Tang will unveil land income figures for this year as well as his land sales revenue forecast for the new fiscal year in his budget speech Wednesday.

Total land income may reach between HK$30 billion and HK$33 billion in the 2006-07 fiscal year, Vigers Appraisal & Consulting executive director Tony Chan said.

“About half of the estimated land income [will come from] auctions and the other half from lease modifications and private treaty grants,” he said.

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Posted: 02|20|06 at 9:33 am. Filed under: Auction News.