A general view of the Central financial district in Hong Kong on July 25, 2019. Photo: Reuters A general view of the Central financial district in Hong Kong on July 25, 2019. Photo: Reuters
A general view of the Central financial district in Hong Kong on July 25, 2019. Photo: Reuters

Hong Kong’s government may have to step up on land sales as two failed auctions starve the coffers of much-needed revenue

  • Two withdrawn tenders in October and May deprived the government of an estimated HK$12 billion in revenue, about 10 per cent of the government’s land-sales receipt from the last fiscal year
  • The government still has nine land parcels to sell out of 15 plots earmarked for the fiscal year ending in March 2021

Topic |   Hong Kong land sale
A general view of the Central financial district in Hong Kong on July 25, 2019. Photo: Reuters A general view of the Central financial district in Hong Kong on July 25, 2019. Photo: Reuters
A general view of the Central financial district in Hong Kong on July 25, 2019. Photo: Reuters
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