Recent record-breaking land sales could be signalling a sustained rise in Hong Kong home prices, according to JLL’s head of valuation advisory services and international director Lau Chun-kong, who said current conditions resemble those of 2009, which preceded a multi-year uptrend that eventually lifted prices to a record.
Earlier this month, two government sites were purchased by Hong Kong developers at record prices, stirring up the already hot land market as cashed up mainland rivals…
Source : South China Morning Post
Read more…Government land sales are doing something they haven’t done since 2009















