Hong Kong housing

Hong Kong’s housing problems will not end until mainland speculators are stopped

PUBLISHED : Monday, 09 July, 2018, 6:34pm
UPDATED : Monday, 09 July, 2018, 6:33pm

We welcome our chief executive’s suggestion to reclaim land outside Victoria Harbour to meet our housing demands (“In home ownership push, Hong Kong leader Carrie Lam follows Singapore model of Lee Kuan Yew”, July 8).

Many other suggestions, like taking over land from the golf club at Fanling and building houses on top of a container terminal are circulating in the market.

All these consultations are taking us nowhere, as we are beating around the bush in addressing the problem. It is all a ploy to distract our attention from the real problem. The root of the problem is to stop the invasion of mainland speculators who are taking up residential and now even commercial properties at astronomical prices, leaving the local residents as poor spectators. If they are stopped, our problem is solved.

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Just like we discouraged pregnant mainland mothers from giving birth in local hospitals under the previous administration, we must stop these speculators from dabbling in the Hong Kong property market.

Choith Ramchandani, Tsim Sha Tsui