Aerial view of Tai Sang Wai, southwest of Yuen Long in Hong Kong’s New Territories. Photo: Winson Wong

Hong Kong’s first private auction of farmland flops, in a setback to plan to bolster housing supply

The asking price of HK$370 million, or HK$3,100 per square foot before adding the conversion premium, was much higher than any comparable price in surrounding areas

Topic |   Hong Kong property

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Aerial view of Tai Sang Wai, southwest of Yuen Long in Hong Kong’s New Territories. Photo: Winson Wong
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