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AUCTIONEERS POINT TO BIDDERS AT A HONG KONG LAND AUCTION, 1999-04-20 (photo)

IMAGE number
REU8119125
Image title
AUCTIONEERS POINT TO BIDDERS AT A HONG KONG LAND AUCTION, 1999-04-20 (photo)
Auto-translated text View Original Source
Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-04-20
Image description

Auctioneers point to bidders at Hong Kong's first public land auction in one year April 20. The Hong Kong government fetched a higher-than-expected HK$1.49 billion (US$192.26 million) at the auction, which was being monitored closely to gauge property developers' confidence in the real estate market after the government imposed a nine-month moratorium on its land sales last June amid a slumping property market. BY/JIR

Photo credit
REUTERS / Bridgeman Images
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