A general view of Anderson Road quarry site in Kwun Tong, one of the five government sites to be sold this quarter. Photo: Martin Chan

Hong Kong faces HK$10 billion potential shortfall in land sales revenue as city faces first fiscal deficit in 15 years

  • Five analysts predict a shortfall against budget estimate, while one expects collection to surpass city’s target, according to a Post survey this month
  • Financial Secretary Chan says reduced revenue affects resources for public services, hurts minorities most
Topic |   Hong Kong property
A general view of Anderson Road quarry site in Kwun Tong, one of the five government sites to be sold this quarter. Photo: Martin Chan
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