| Hong Kong’s government may set a record tomorrow when it auctions a residential piece of land in one of the most luxurious neighborhoods even as gains in home prices and transactions slow with rising mortgage rates.
The site on Borrett Road, about a 10-minute drive from the Central business district, may fetch HK$13 billion ($1.7 billion), or HK$30,000 a square foot, according to the median estimate of five surveyors and analysts polled by Bloomberg News...............................................Full Article: Source
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