IT has been a year since the Government unveiled its package of measures aimed at bringing sense to Hong Kong's runaway housing market - and some developers are now saying enough's enough.
In particular, they want the Government to ease the ban on pre-sales of unfinished flats more than nine months before completion.
Because of bureaucracy and internal administration, which typically causes delays, developers said the ban often effectively meant they could not start marketing phases of projects until they had virtually completed building them.
This causes problems with cash flow, and starves them of working capital to fund further phases of development.
It also results in increased borrowing.
S Y Wai, spokesman for the Real Estate Developers' Association of Hong Kong, said the nine-month ban on the pre-sale of flats was hurting developers.