The chairman of developer K Wah International Lui Che-woo said yesterday that he believes Hong Kong's chief executive-elect would try to maintain stable property prices once he is in charge of the government.
'I don't think the new government wants to see property prices drop sharply or rise substantially.
'I think they will try to maintain stable prices in the market, which would help more people to buy flats,' Lui said yesterday after K Wah's annual general meeting.
Lui said Leung Chun-ying had experience in the property market and was familiar with the way the market operated. 'I think he will release suitable policies,' he added.
Leung is a surveyor and was the former chairman of property consultancy DTZ.
Despite recent research showing that the number of mainland buyers in the Hong Kong property market was decreasing, Lui said he expected demand from mainland buyers to remain strong.