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HONG KONG LAND BUYER JOSEPH LEUNG IS SURROUNDED BY JOURNALISTS, 1997-08-27 (photo)

IMAGE number
REU7932290
Image title
HONG KONG LAND BUYER JOSEPH LEUNG IS SURROUNDED BY JOURNALISTS, 1997-08-27 (photo)
Auto-translated text View Original Source
Medium
photograph
Date
1997 AD (C20th AD)
Shooting Date
1997-08-27
Image description

Joseph Leung (C), director of Chinachem Group, is surrounded by journalists after he successfully bought the 10,570 square metre plot of land at Hong Kong's Repulse Bay for HK$5.55 billion (approx. US$717 million) during the territory's first land auction after its handover to Chinese rule, August 27. Analysts said the auction produced a price "nicely in the ball park" near the upper limit of expectations but the result was not likely to set the market ablaze. HONGKONG PROPERTY

Photo credit
REUTERS / Bridgeman Images
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