Hong Kong auctions plot of residential land

HONG KONG: A second plot of land in Hong Kong received an open bid of HK$3.6 billion (RM1.59 billion) on Monday, after the government sold another in its first major government land auction in about two years.

Just minutes earlier, the government sold a plot of land at HK$5.15 billion, more than 40% above the open bid of HK$3.6 billion, but below the market consensus of HK$5.45 billion. — Reuters
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