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
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Hong Kong housing
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