A small plot of land in the New Territories has received the poorest response since Hong Kong’s government resumed land sales in 2010, in the latest sign the world’s priciest property market is on the wane.
The city’s Lands Department said it had received three bids from developers for the parcel of residential land in Tuen Mun after the tender closed at noon on Friday. No government land sale has received fewer bids in the last eight years.
The dismal response comes just…
Source : South China Morning Post
Read more…Residential site in Tuen Mun receives just three bids in worst response to Hong Kong land sale since 2010















