Property News · July 29, 2021

Hong Kong’s red-hot housing market will cool down as pro-government Legco gets to increase land supply, says Hang Lung Properties’ Ronnie Chan


Hong Kong’s red-hot property market is likely to return to more measured growth now that the government faces less opposition to boosting land supply in a Legislative Council dominated by pro-government lawmakers, according to one of the city’s most influential property tycoons.Ronnie Chan Chi-chung, the outspoken chairman of Hang Lung Properties, said the passing of the contentious national security law last year and sweeping electoral reforms meant laws aimed at increasing the amount of land…

Source : South China Morning Post
Read more…Hong Kong’s red-hot housing market will cool down as pro-government Legco gets to increase land supply, says Hang Lung Properties’ Ronnie Chan

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