Tepid response for Lantau Island parcel continues a dismal year for government land sales, which as of November achieved only 14.2 per cent of the fiscal-year target of HK$85 billion (US$10.9 billion), with six sites withdrawn, JLL says.
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Hong Kong’s property developers responded strongly to a tender invitation for a plot of land in Kai Tak, after some analysts had expected it to be withdrawn because of the constraints.