Advertisement

Letters to the Editor, October 27, 2015

Reading Time:5 minutes
Why you can trust SCMP
The Convention Centre in Wan Chai. Photo: Bruce Yan

Advertisement

A year after introducing property cooling measures Chief Executive Leung Chun-ying said they would be maintained and there would be no exemptions for certain groups of buyers.

He sees these measures as the only way to deal with Hong Kong's housing problem in the long term.

I agree with the chief executive that these cooling measures have to be maintained.

The housing problem in Hong Kong is still serious and flat prices keep increasing. Being able to buy an apartment is the ambition of Hongkongers. The government should do something to deal with this problem.

Advertisement

The cooling measures can stop some people from buying a second flat, which may help a bit to keep the property market stable.

Some may think that these cooling measures are futile as the property developers continue to find new ways to attract customers buying first-hand properties. They may not be as effective as the government would wish, but it cannot just stand by and do nothing. It has to stick with the measures.

Advertisement