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JOSEPH LEUNG MAKES HIS BID DURING HONG KONGS FIRST LAND AUCTION, 1997-08-27 (photo)

IMAGE number
REU8045447
Image title
JOSEPH LEUNG MAKES HIS BID DURING HONG KONGS FIRST LAND AUCTION, 1997-08-27 (photo)
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Photographer
Bobby Yip
Medium
photograph
Date
1997 AD
Shooting Date
1997-08-27
Image description

Joseph Leung, director of the Chinachem Group, makes his bid for a 10,570 square metre plot of land at Hong Kong's Repulse Bay during the territory's first land auction after its handover to Chinese rule August 27. Chinachem finally bought the land for HK$5.55 billion (approx.US$717 million). Analysts had expected the plot of land, earmarked for luxury residential use, to fetch between HK4.10 billion and HK$6.80 billion. HONGKONG PROPERTY

Photo credit
REUTERS/Bobby Yip / Bridgeman Images
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