Hong Kong’s tourism downturn may provide an answer to the city’s housing problem if government amends its land policy to allow hotel rooms to be put up for sale or for rental, helping to ease the housing supply shortage, according to a real estate investment executive.
Magnificent Hotel Investments chairman William Cheng Kai-ming has urged the government to amend land policies to allow the sale or long term rental of hotel rooms, saying that it makes sense to tweak the rules in…
Source : South China Morning Post
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