Differing views on freezing of Home Ownership Scheme
I refer to the report headlined, 'Subsidised flats scheme frozen' (South China Morning Post, September 4).
It appears that when our property tycoons speak, the Government listens and acts. So who actually rules Hong Kong?
Are we supposed to follow the example of Japan? That country inflated property prices to such a high level that when the bubble burst, the impact on the economy was serious and made escaping the country's economic malaise nearly impossible. There were just too many bad loans.