Hong Kong ‘could halt’ commercial land sales for second year over poor demand
Hong Kong authorities could suspend the sales of commercial sites for a second year due to a lack of demand, the development minister has said, while rejecting the notion that the government was pressured by developers to shelve the Lantau reclamation plan. Secretary for Development Bernadette Linn Hon-ho made the prediction even as the city’s grade A office spaces saw a slight drop in vacancy rates between the second and third quarters. Financial Secretary Paul Chan Mo-po announced in February...