Property News · August 5, 2017

Will private rental homes keep a lid on Hong Kong’s runaway property prices?


Hong Kong, already the world’s least affordable city to work and live in, should take a page out of mainland China’s policy playbook and release more government land to develop rental property to tame runaway home prices, industry experts said.
Shanghai already provided a glimpse of the practice last month, when the municipal government sold two residential sites in Pudong exclusively for the construction of apartment projects for leasing. The land sales contract stipulated a…

Source : South China Morning Post
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