The site in Lee Nam Road, Ap Lei Chau, for which two mainland Chinese developers paid a record HK$16.86 billion. Photo: Edward Wong

Does Hong Kong’s land sale system need a new lease of life?

The current arrangement stifles competition among developers and makes owning a home even more expensive, critics argue

Topic |   Hong Kong housing

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The site in Lee Nam Road, Ap Lei Chau, for which two mainland Chinese developers paid a record HK$16.86 billion. Photo: Edward Wong
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