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HK: Land sales raise property hopes

Posted on 09 November 2012

Property market sentiment has improved as home viewing appointments rebound while the latest two sites to be tendered fetched higher than expected prices. However, the government’s recent cooling measures continue to weigh on the sector.
In Ma On Shan, few homesellers raised their asking prices and some even took their flats off the market, shortly after Cheung Kong Holdings won a tender for a plot in the same neighborhood for HK$2.9 billion - 16 percent higher than earlier estimates………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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