Hong Kong is seeking to sell three land parcels in an auction on May 12, Bloomberg reports. The site on Stubbs Road, Hong Kong Island, may be turned into luxury housing projects and is likely to be sold for $566 million.
Another location in the Kowloon Tong area is expected to get $64.3 million, while the property in the Yuen Long district may be sold for $52.7 million. The Hong Kong government previously said that it may auction as many as 52 plots of land this year.
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