Strong sales at new residential projects over the past holiday weekend have shown that the market wants creative housing plans such as the “starter home scheme” instead of verbal warnings from top officials when it comes to tackling soaring home prices.
A total of 440 new flats were sold over the three-day holiday despite the government’s housing price index hitting an all-time high, in defiance of Hong Kong Monetary Authority chairman Norman Chan Tak-lam’s warning on…
Source : South China Morning Post
Read more…Hong Kong government lacks creative ideas to tackle soaring home prices















