Hong Kong property developers eye old buildings in prime spots as they hope government will ease compulsory-sale process

• Wheelock won a compulsory auction for a site in Sheung Wan on Monday at the reserve price of HK$529 million (US$67.4 million)
• The government may make compulsory sales easier, as the number of private buildings older than 50 years surged 126 per cent over the past decade