Property News · June 13, 2017

Hong Kong government an ‘accomplice’ in skyrocketing home prices, says JLL


Hong Kong government’s property cooling measures have frozen transactions in the secondary market and distorted overall housing supply, says a major property consultant.
Joseph Tsang, managing director at JLL accused the government of being an “accomplice in Hong Kong’s skyrocketing home prices”, as sales in the secondary market had been killed by administrative measures.
“Due to a sharp fall of flats being put on sale in the secondary market, home seekers are…

Source : South China Morning Post
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