In mid-October Sino Land and Empire Holdings jointly purchased a site in Wong Chuk Hang, Abredeen, for HK$2.53 billion, or HK$8,872 per square foot, a record for a land tender on Hong Kong Island. Photo: Jonathan Wong

Government land sales are doing something they haven’t done since 2009

A government land site recently fetched a record price at auction, bearing parallels to conditions in 2009, according to one consultant, who believes a further rally in home prices is likely

Topic |   Hong Kong property

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In mid-October Sino Land and Empire Holdings jointly purchased a site in Wong Chuk Hang, Abredeen, for HK$2.53 billion, or HK$8,872 per square foot, a record for a land tender on Hong Kong Island. Photo: Jonathan Wong
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