Hong Kong, Aug 13 (DPA) A 109-year-old tea has gone on sale at Hong Kong's first international tea fair, a media report said Thursday.

Just 10 grams of the pu-erh tea, which takes its name from Pu'er county in Yunnan province in south-west China, costs 8,000 Hong Kong dollars ($1,025), the South China Morning Post newspaper said.

Sun Sing Tea is also selling two 300 gram-320 gram slabs of 1950 vintage pu-erh tea for 130,000 Hong Kong dollars and 70,000 Hong Kong dollars at the three-day fair which opened Thursday.

Hong Kong Trade Development Council assistant executive director Raymond Yip Chak-yan said the territory has the potential to become a tea hub because of its tax-free and gateway status with China.