Hong Kong has seen a dramatic drop in transactions since the introduction of special cooling measures for the property market. Photo: AFP
Hong Kong has seen a dramatic drop in transactions since the introduction of special cooling measures for the property market. Photo: AFP

Property price curbs could lead to government deficit next year, warns economist

Economist warns that tougher rules on flat sales will reduce government revenue, while agent says they damage free-market principles

Hong Kong has seen a dramatic drop in transactions since the introduction of special cooling measures for the property market. Photo: AFP
Hong Kong has seen a dramatic drop in transactions since the introduction of special cooling measures for the property market. Photo: AFP
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