Hong Kong property market on wait-and-see situation

Xinhua Beijing, May 12, according to the Hong Kong Star Island Daily News website reported that since the government launched the "nine strokes 12" after the overall property market on the sidelines, 11th auction of the Tung Chung Sea view of the king auction scene deserted, only three developers to participate in the bid, the transaction price on the market expectations.　　The Secretary for Development, Carrie Lam, said that the government had sold Tung Chung land at market prices and that the price had been priced to emphasize that there would be no sale of land because it involved public money. She said that the sale of land was market-driven, but she pointed out that since land sales were an important part of the government's revenue, the government would not sell the sites cheaply and the value of the land would be assessed by professional surveyors. She added that the government's assessment of land was very professional and said that the results of the sale of Tung Chung would not affect the Government's policy of optimizing land in the future.