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"Spicy" measures on Hong Kong's property to continue: chief executive

Xinhua, November 3, 2015 Adjust font size:

The "spicy" measures introduced earlier by the Hong Kong Special Administrative Region (HKSAR) government to stabilize the property market will continue, Chief Executive Leung Chun-ying said here on Tuesday.

Leung said the HKSAR government's efforts to increase land supply and manage housing demand are beginning to bear fruit, as quarterly data shows the projected supply of private homes has been raised to a record high of 86,000 for the coming three to four years.

"A few years ago, the HKSAR government began implementing spicy measures to suppress demand for flats by speculators and investors and it will continue to implement these measures," he said before attending the weekly meeting of the Executive Council.

Leung also said the public housing supply is on the rise, but the HKSAR government faces challenges reaching the long-term supply target.

He called on citizens to support more public housing construction. Enditem