Property News · December 10, 2018

Hong Kong’s chief executive says she will keep the public purse away from bailing out the property industry


Hong Kong’s government, which has repeatedly warned against speculation in the world’s most expensive property market, said it would keep public money away from any bailouts of the industry, as the city’s home prices and sales end a decade-long boom.
“Don’t count on the government rescuing the [property] market,” Chief Executive Carrie Lam Cheng Yuet-ngor said during the Hong Kong Economic Journal’s Economic Summit 2019 conference in Hong Kong. “…

Source : South China Morning Post
Read more…Hong Kong’s chief executive says she will keep the public purse away from bailing out the property industry

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