The recent spike in land prices has raised concerns whether the Hong Kong government should scrap its tendering process, and bring back auctions to sell plots of land, to improve the transparency of deals.
Surveyors are calling for a change in the land sale system as they fear there is no end in site for the rising costs of buying land, after they reached abnormally high levels in the past few months.
Chinese conglomerate HNA Group’s purchase of its third residential site at Kai Tak area…
Source : South China Morning Post
Read more…Runaway Hong Kong land prices spark renewed calls to bring back auctions to replace tendering















