Advertisement

Talking points

Reading Time:2 minutes
Why you can trust SCMP
0

Our editors will be looking ahead today to these developing stories ...

Land auction could break city records

The government will auction two pieces of land today, including the Borrett Road luxury residential site in Mid-Levels that is likely to set a record land price for the city. Surveyors expect the 1.05-hectare site to fetch between HK$12 billion and HK$15 billion - or HK$27,500 and HK$34,500 per square foot. This is one of the few large development sites in the Mid-Levels area still available for sale. The other is the 65,401sq ft lot at Ping Kwai Road, Ping Shan, Yuen Long, valued at between HK$181 million and HK$300 million.

Lagarde seeks Beijing backing for IMF post

Christine Lagarde is holding a press briefing today in Beijing, wrapping up her two-day lobbying trip on the mainland in a bid to become the International Monetary Fund's next managing director. Lagarde failed to secure public endorsement from India. Beijing earlier said the IMF's management should be chosen on the basis of 'impartiality' and 'merit,' and that developing nations should be represented. It is yet to be seen if Beijing will give any open blessing to Lagarde.

Anti-Gaddafi coalition meets in Abu Dhabi

The NATO-backed coalition against Libyan leader Muammar Gaddafi is meeting in Abu Dhabi to accelerate the campaign to end his rule. The talks come after US President Barack Obama said NATO's mission in Libya was forging 'inexorable' advances that meant it was only a matter of time before the defiant Gaddafi was forced to depart.

Advertisement