Hong Kong Urban Renewal Authority: Considering the current market conditions, the bidding schedule for some reconstruction projects will be postponed.

19 January 837 465 657 483 920 1 reports that the Hong Kong Urban Renewal Authority announced on Sunday that it has postponed the bidding schedule of some reconstruction projects due to the current market conditions, and it is expected that the bidding enthusiasm of developers will not respond positively in the short term. The price of buildings and land has fluctuated due to external factors, making developers cautious in their bidding strategies and pricing trends. This will inevitably affect the cash flow of the Urban Renewal Authority.

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