A record-setting HK$50.8 billion was paid for a 50-year land grant on a prime piece of harbourfront property, the government revealed last week. Photo: Winson Wong
A record-setting HK$50.8 billion was paid for a 50-year land grant on a prime piece of harbourfront property, the government revealed last week. Photo: Winson Wong

Record land sales will shrink Hong Kong deficit, but not enough to justify big spending, finance chief says

  • The sale of several prime urban sites helped the city hit a record high of HK$40 billion as of last month, while brisk exports have also boosted recovery
  • But land sale gains not enough to cover gap created by major jumps in recurrent spending over past five years, Paul Chan says

Topic |   Hong Kong economy
A record-setting HK$50.8 billion was paid for a 50-year land grant on a prime piece of harbourfront property, the government revealed last week. Photo: Winson Wong
A record-setting HK$50.8 billion was paid for a 50-year land grant on a prime piece of harbourfront property, the government revealed last week. Photo: Winson Wong
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