Property News · April 28, 2017

Hong Kong to add 96,000 homes next three years, but will they halt runaway housing prices?


A record 96,000 units will be added to Hong Kong’s supply of private housing over the next three to four years, according to the Transport & Housing Bureau’s latest quarterly data, an increase of 2 per cent from the previous projection.
The modest increase, which reflects the Hong Kong government’s determination to accelerate land sales to bolster public coffers, will do little to reverse the surge in housing prices that’s made the city the world’s most…

Source : South China Morning Post
Read more…Hong Kong to add 96,000 homes next three years, but will they halt runaway housing prices?

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