PHOTO: SUPPLIED – Ports of Auckland’s land holdings have been valued at $1.2 billion.

The potential sale of the council-owned Ports of Auckland could be revived with the council under time pressure to decide whether to directly own the port’s land.

Ports of Auckland (POAL) has been previously valued at more than half a billion dollars if separated from the 53 hectares of waterfront land it occupies.

The port is back on the radar due to new tax regulations which would come into force year, which could prompt the council to directly own all land currently held by its subsidiaries.