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Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$423.2 billion in November from October's US$417.2 billion, the Monetary Authority announced today.   The reserve assets represent over five times the currency in circulation or about 42% of Hong Kong dollar M3.   There were no unsettled foreign exchange contracts at the end of November. http://dlvr.it/Sf21yd

Sheung Shui site sold

The tender for a Sheung Shui site has been awarded on a 50-year land grant at a premium of $4.185 billion, the Lands Department announced today.   Fanling Sheung Shui Town Lot No. 278 at Area 24, Kwun Tung, New Territories was awarded to Season Investments, a subsidiary of Wheelock Properties.   It has a site area of about 7,624 sq m and is designated for non-industrial purposes excluding godown, hotel and petrol filling station.   The site’s minimum and maximum gross floor areas are 27,447 sq m and 45,744 sq m.
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124 COVID-19 cases reported

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