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Real Estate Briefing - Categorized | Construction, Market Moves more

HK land auction raises hopes of market cool-down

Posted on 04 November 2010

From AFP: Hong Kong’s latest land sale fell below analysts’ forecasts on Wednesday as the government ramps up measures to rein in soaring property prices in the densely populated metropolis.
Chinachem Group, one of the city’s biggest developers, snapped up the residential site in the Kowloon district for 2.17 billion Hong Kong dollars (280 million US dollars). That was below a prediction of 2.69 billion Hong Kong dollars made by six analysts and surveyors polled by Dow Jones Newswires……………………………………….Full Article: Source


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