戴德梁行：今日全球楼市速览(2010.05.25)

5.  Qualcomm Inc – has invested several million dollars to establish a research and development centre in Shanghai focusing on the chips for "qualified and affordable" 3G handsets, the US-based chip designer said. It's the 2nd R&D centre for Qualcomm in China, besides a CDMA centre in Beijing. (Shanghai Daily).

6. Authorities failed to sell four Beijing land sites two weeks after they went on sale as all bids came in below pre-set target prices. (The Standard).

Hong Kong

1. Lacklustre bidding yesterday for a building site in Fanling confirmed that developers remain pessimistic about the upside of mass residential projects. Hong Kong Ferry (Holdings), a subsidiary of Henderson Land Development, outbid Cheung Kong (Holdings), Chinachem Group and an anonymous contender to buy the site for HK$1.33 billion - HK$2,414 per square foot - which was at the low end of the market's forecast of HK$1.32 billion to HK$1.6 billion.  It was the second land auction in two weeks that failed to live up to surveyors' expectations. A site in Tung Chung was bought by Nan Fung Development for HK$3.42 billion or HK$2,378 per square foot, far below market forecasts. But there were twice as many bidders for the Fanling site. It was the first time Hong Kong Ferry had taken part in a government land auction. (SCMP).

2.   The government and the MTR Corporation are proposing to build 4,700 private residential flats on the site of the former public Wong Chuk Hang Estate, but the project's proposed building height has been opposed by district councillors there. (SCMP).