28.02.2013 - Here's why Hong Kong has to meddle with property
Despite criticism about the effectiveness of the Hong Kong government's recent measures to ease some of the world's most expensive home prices, analysts tell CNBC that the government has no choice but to intervene. The Hong Kong government pledged on Wednesday to bolster land supply and earmarked $580 million in the coming five years to seek out potential new areas for land reclamation in its annual budget to help ease the supply crunch. But Nicole Wong, regional head of property research at CLSA said government efforts to boost supply will have a limited impact on reining in prices and the government should look more towards measures to curb demand...............................................Full Article: Source
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