Cranes at a construction site at the former Kai Tak airport area in front of residential buildings in Hong Kong, on Saturday, July 21, 2018. Photo: Paul Yeung/Bloomberg
IMF endorses Hong Kong’s wait-and-see housing policies as property prices have room to fall
- Current Hong Kong policies to moderate housing prices, including the stamp duty, should remain in place for now
- A ‘significant increase’ in housing supply remains the most needed course of action by Hong Kong government
Cranes at a construction site at the former Kai Tak airport area in front of residential buildings in Hong Kong, on Saturday, July 21, 2018. Photo: Paul Yeung/Bloomberg
