Hong Kong will sell land for housing

20.12.2013 00:30
Articles about real estate |  Hong Kong will sell land for housing According to Bloomberg, the government plans to Hong Kong's implementation of 12 plots, which is scheduled to begin construction of housing in the first quarter of 2014.
Hong Kong authorities believe that at this point you can build 5.5 thousand housing units. This can assist in curbing the growth in residential property prices, which in comparison with the beginning of 2009 jumped more than twice.
The Hong Kong Government intends to end the fiscal year that ends in March 2014, to implement the land on which it is possible the construction of about 13.7 thousand housing units, says "Times".
Content tags: Overseas property
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