HONG KONG LAND AUCTION FAILS

Highlights:

• A plot located near Hong Kong’s former Kai Tak airport has failed to sell at an auction. 
• Hong Kong worsening economic crises has started to take a huge toll on the property market.
• The government rejected all the four offers which were received for the 19,788 square meter site after the government failed to meet the reserve price.

A plot of land ....