Hong Kong’s government revenue from land sales rose to a record HK$71.88 billion in the first nine months of the 2016 fiscal year ending March 31, as HNA Group led mainland Chinese developers in their buying spree in the city.
With the final HK$5.868 billion from a sale at the former Kai Tak airport, land revenue made up 30 per cent of the city government’s income for the first three quarters, surpassing the previous full-year record of HK$66.9 billion in the 2011 fiscal year and…
Source : South China Morning Post
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