Property News · July 3, 2018

Hong Kong government’s tender for five residential plots, including one on The Peak, set to fetch US$3.5b


The Hong Kong government will release five residential plots with an estimated value of nearly HK$28 billion (US$3.5 billion) for tender in this quarter, including one on The Peak, which has some of the most expensive property prices in the world.
The planned sale comes after the government announced new measures last week, including reallocating nine government sites for subsidised flats to ease Hong Kong’s housing crisis. Industry observers said that this would only lead to prices of…

Source : South China Morning Post
Read more…Hong Kong government’s tender for five residential plots, including one on The Peak, set to fetch US.5b

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