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LettersHong Kong housing: electoral reform allows for swift action to curb rising prices
- Our readers discuss the urgent need for housing reform, issues with the e-voucher scheme, Olympic athletes, Afghanistan and laws around alcoholic beverages
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Property prices in Hong Kong have not only remained intact but risen by 5 per cent during the pandemic. Last week, the second-hand property market reached a record high with the Centa-City Leading index peaking at 191 (“Buyers snap up small flats in rush to get on Hong Kong property ladder”, August 14). This further highlights the unaffordable nature of Hong Kong housing and the need for the government to suppress property prices through measures such as increased stamp duty and vacancy tax.
Under the revamped electoral system, laws can be passed more quickly without delays from pro-democratic parties. The government should use this opportunity and pass more laws that are beneficial to people’s livelihood. This will help relieve the hardships of the working and middle classes.
While it is understandable that the Hong Kong government needs to sustain economic freedom to attract investors, the interests of most Hongkongers should not be neglected. The government must face up to the challenge of balancing the public interest and economic freedom.
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Jasper Tang, Kowloon Tong
10:08
Hong Kong has until 2049 to fix its housing crisis, but is it possible?
Hong Kong has until 2049 to fix its housing crisis, but is it possible?
Voucher scheme needs fixes to unleash full benefit
I am writing in response to the article, “E-voucher scheme could boost Hong Kong economic growth by ‘as much as 6 per cent in third quarter year on year’” (August 14). From what I have witnessed among my family members, who seem to have spent all the money already, the vouchers can definitely help Hong Kong’s economy during the pandemic.
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