Letters to the Editor, July 1, 2013
As a young professional who was born in the 1980s, I would like to comment on what the government has done so far to tackle Hong Kong's seemingly never-ending housing problems.

As a young professional who was born in the 1980s, I would like to comment on what the government has done so far to tackle Hong Kong's seemingly never-ending housing problems.
The most drastic measure taken so far is the imposition of heavier stamp duties on some property buyers. This has had some cooling effect.
However, property prices remain higher than in 1997 when it was thought they were at their peak.
I disagree with those who argue that one of the main problems is insufficient supply.
There are plenty of new residential buildings, but how many citizens can afford to buy the flats? I think the answer would be very few.
The situation has been exacerbated by mainland citizens coming here and buying a property for investment purposes.