Residential buildings stand in the Deep Water Bay and Repulse Bay areas. Cheap money is the single most important cause of the asset bubbles affecting real estate in many cities, and stock prices globally. Photo: Bloomberg
To fight income inequality in Hong Kong, take on the property development cartel
Philip Bowring says that the problem of Hong Kong’s income inequality can’t be solved without taking on development cartels and addressing runaway home prices, and suggests raising rates and phasing out interest relief
Topic |
Hong Kong housing
Updated: Friday, 20 Jul, 2018 8:47pm
TOP PICKS
Residential buildings stand in the Deep Water Bay and Repulse Bay areas. Cheap money is the single most important cause of the asset bubbles affecting real estate in many cities, and stock prices globally. Photo: Bloomberg
READ FULL ARTICLE
SCMP TODAY: INTL EDITION
Get updates direct to your inbox
By registering for these newsletters you agree to our T&C and Privacy Policy
Products & Services
DOWNLOAD THE SCMP APP
Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved.
0
Share