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HK: Land prices show no sign of abating

Posted on 12 November 2012

As development minister, Paul Chan Mo-po can’t possibly escape public attention in a society so obsessed with the property market. Therefore, his mind-boggling, double-negative comment at Friday’s Legislative Council meeting - saying it is not an absolute rule that sites on the application list cannot be used for public housing - immediately sparked concerns that private supply may fall short if land intended for the latter is also made available for the former.
Chan sought to play down the remarks yesterday, blaming questions by lawmakers. But will his clarification clear the air entirely about the government’s intentions?……………………………………….Full Article: Source


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