Property News · November 17, 2016

‘Outrageous’ laments analyst, as Hong Kong government land sale revenue surges to HK$52.84b


Hong Kong government land sale revenue by tender has reached HK$52.84 billion for the seven months to November 16, up 22 per cent from the full year figure for 2015 as fierce competition drove up land prices.
For the financial year ended March 31, 2015, the government had generated land sale revenue of HK$43.31 billion, according Lands Department data.
“The land sale figure is outrageous,” said Vincent Cheung Kiu-cho, executive director of valuation and advisory services Asia at…

Source : South China Morning Post
Read more…‘Outrageous’ laments analyst, as Hong Kong government land sale revenue surges to HK.84b

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