Property News · December 23, 2017

Hong Kong’s politics deter options to alter land sales policy, cut property prices


Hong Kong’s government is on track to post a record haul from selling land to housing and commercial developers in its fiscal year ending March 2018, bolstered by ever-rising prices in the world’s most expensive urban centre.
For the eight months ended November, and with another quarter to go before the close of its fiscal year, the government received HK$90.68 billion from selling 12 pieces of residential and commercial land, a mere HK$19 billion short of the 2016 record of HK$109….

Source : South China Morning Post
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