It may have been well meant, but the Hong Kong government’s latest move to take the heat out of the property market may have had an unintended consequence.In an attempt to raise the supply of affordable housing, the government recently shifted the targeted split between public and private housing to a 70:30 ratio from the previous 60:40. The change was announced on December 21 last year, which was followed by a rebound in Hong Kong property prices in January this year.With desperate home…
Source : South China Morning Post
Read more…Is a government scheme to boost Hong Kong’s public housing accidentally pushing up home prices?
