| Govt to speed up home sales and land supply to stabilize market. Ten new measures, including one banning out-of-town buyers from buying property in some local housing projects were unveiled by the government on Thursday.
The new policies follow closely the release of a survey showing that over 90 percent of city residents say that home prices have become too high to afford. The government is setting out plans for a significant increase in housing supply in the city, including the release of enough land to allow for 65,000 new residential units over the next three to four years, Chief Executive Leung Chun-ying said at a briefing on Thursday...............................................Full Article: Source
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