A real estate agent on Austin Road in Tsim Sha Tsui, Kowloon. Richard Wong says that limiting speculation without harming the market adjustment process is a tricky process, adding that common measures such as transaction levies, capital gains taxes, and regulating loan-to-value ratios may help to eliminate short-term speculators, are not neutral in the long run. Photo: EPA
Opinion
Opinion
The View
Opinion: Curbing speculators, and regulation are no guarantees of property market success
Why are investors still chasing yield when real estate prices are already so high?
A real estate agent on Austin Road in Tsim Sha Tsui, Kowloon. Richard Wong says that limiting speculation without harming the market adjustment process is a tricky process, adding that common measures such as transaction levies, capital gains taxes, and regulating loan-to-value ratios may help to eliminate short-term speculators, are not neutral in the long run. Photo: EPA