Digest

PUBLISHED : Wednesday, 04 January, 2012, 12:00am
UPDATED : Wednesday, 04 January, 2012, 12:00am

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Tseung Kwan O site likely to sell for nearly HK$1.9b

A residential and commercial site in Tseung Kwan O is open for bidding until Friday, and surveyors estimate it will sell for up to HK$1.85 billion in the tender. The site, which can yield 488,180 square feet of gross floor space, would sell for HK$3,790 per developable square foot, AG Wilkinson & Associates and Midland Surveyors forecast. Paggie Leung

Wuxi loosens residency rules to attract settlers

Buyers of homes of 70 square metres or more in size in Wuxi, a city in the eastern province of Jiangsu, are now entitled to apply for residency. Previously they had to buy a home of 100 square metres or more. Developers say the move is aimed at encouraging more people to live there. Peggy Sito