Check out these 4 lands which suffered big-time price roll-backs

One land's price almost halved vs 2009 rate.

It is believed that the supply curve has shifted out, in line with the Hong Kong Government committing to supply 470,000 new homes in the next 10 years. The question is: How has land price reacted?

According to a research report from Barclays, it says it finds the increased land supply having its expected impact is on land prices.

It also said that although Hong Kong does not have a land price index, the trend of falling land prices can be readily observed in the various land tender results this year.

It then gave a rundown of the results of four areas.

Here's more from Barclays:

Lohas Park – Land price down 15-22% vs. 2007: The MTR tendered Lohas Park Packages 4 and 5 this year. Package 4 was awarded to SHKP in April 2014 with a land premium of HK$2,059psf. Package 5 was awarded to Wheelock in November 2014 with a land premium of HK$1,874psf. Compared to Package 3 which was awarded in November 2007 for HK$2,410psf, the land premiums for Packages 4 and 5 are 15% and 22% lower.

Pak Shek Kok – Land prices down 51-54% vs. 2009: Two sites at Pak Shek Kok were sold via public land tender this year. TPTL 214 was awarded to Great Eagle in May 2014 for HK$3,300psf and TPTL 213 was awarded to Billion Development for HK$3,552psf in September 2014. Compared to the HK$7,215psf that Sino Land and K. Wah paid for TPTL 200 and TPTL 201 back in 2009, land prices in Pak Shek Kok appear to have fallen 51% and 54%.

Ma On Shan – Land prices down 18-32% vs. 2012: Three sites were sold in the Ma On Shan area this year. SHKP won the Whitehead site at STTL581 for HK$4,241psf while consortiums led by Wang On won two sites at STTL599 and STTL598 for HK$3,515psf and HK$3,719ps respectively. Compared to the HK$5,160psf that Cheung Kong paid for a site in Lok Wo Sha (STTL574), land prices in Ma On Shan appear to have fallen by 18%-32%.

Tuen Mun – Land prices down 36% vs 2013: Six sites in Tuen Mun have been sold via public tenders in the year-to-date, with an average land price of HK$4,278psf. If we were to exclude the outlier in TMTL 513 that was sold for HK$11,599psf, the blended land price for the remaining five sites would average HK$2,814psf. Compared to the average land price of HK$4,423psf for seven Tuen Mun sites sold in 2013, this suggests a drop of 36%.