Posted inAT Finance, Australia, China, Guangzhou, Hong Kong, Oceania, Singapore, South Asia

What does record high land auction in Ap Lei Chau mean?

Twenty years ago, a plot of land in the very eastern part of Hong Kong was auctioned for a record HK$11.8 billion (US$1.52 billion). Bus route 118 was named after this. I know because I lived on the housing estate for almost nine years. The record price paid by Sino Land, an aggressive developer owned […]