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Is a government scheme to boost Hong Kong’s public housing accidentally pushing up home prices?
23/5/2019 14:04:46

Is a government scheme to boost Hong Kong’s public housing accidentally pushing up home prices?
(SCMP)

Analysts say a recent move by the government to boost affordable housing may have pushed private home prices even higher
An average sized flat in Hong Kong now costs US$840,000, three times the price of a similar unit in New York

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.

“The intention is good, however, it translates to an even smaller pool of private homes,” said Alvin Cheung Chi-wai, associate director at Prudential Brokerage.

如讀者有問題,請電郵致 alvincheung@pru.com.hk

 
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