Hong Kong’s private housing land supply has failed to meet the government’s 2018 to 2019 target, even as the number of private homes supplied by the tenders is at a high level, according to a senior government official on Friday.
“The housing market is going through correction, but we will not slow land supply due to the home price change. We are uncertain whether it will be short-term or long-term,” said Michael Wong, the Secretary for Development.
The government…
Source : South China Morning Post
Read more…Government fails to reach land supply target, as only 13,850 flats to be created, official says
