Joseph Yam is a non-official member of the Executive Council. Photo: Edmond So

Lucrative land sales that drive up property prices are a ‘de facto tax’ on homebuyers, Hong Kong government adviser says

Joseph Yam, former Monetary Authority chief, hits out at city’s overflowing coffers, saying money should be spent on housing needs and regulating prices

Topic |   Hong Kong housing

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Joseph Yam is a non-official member of the Executive Council. Photo: Edmond So
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