Property News · March 2, 2018

Hong Kong to sell land worth at least US$21.7b to bolster land bank for homes and commerce


Hong Kong’s government, fresh from reporting its biggest fiscal surplus since 1997, will bolster the city’s land bank for commerce and homes by selling a record HK$170 billion (US$21.71 billion) of land in the financial year starting April 1.
The government will sell four plots of commercial land plus 27 plots of residential land, 10 of which will each be valued at more than HK$10 billion, according to property consultant Centaline Surveyors.
Of these, eight are located on the…

Source : South China Morning Post
Read more…Hong Kong to sell land worth at least US.7b to bolster land bank for homes and commerce

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