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Hong Kong auctions land in Kowloon, beats forecasts

Posted on 18 August 2010

From Reuters: Hong Kong auctioned two pieces of land on Tuesday at prices that trounced expectations, sparking concern that overheating may continue to threaten the property market even after the government’s recent cooling measures.
The auctions, the government’s fifth so far this year, came during stock trading hours and helped push up the property sub-index .HSNP more than 1 percent before easing to end 0.5 percent higher, outperforming the Hang Seng Index’s .HSI 0.12 percent gain……………………………………….Full Article: Source


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