Property News · November 23, 2018

Hong Kong auction oddity: 37 court-ordered properties for sale, including a 60 sq ft space with a reserve price of US$128


A 60 square foot industrial space in Fanling will be auctioned off at the ultra-low starting price of HK$1,000, among a batch of 37 industrial properties in adjacent buildings set to go under the hammer as part of a court-ordered sale on Wednesday.
The company overseeing the property sale, C S Auctioneers, said the tiny industrial space will be auctioned without a reserve price, meaning that it will go to the highest bid above the HK$1,000 (US$127.77) threshold, or HK$16 per sq ft.
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Source : South China Morning Post
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