|CE to keep cooling measures on housing
Following a surge in property transactions for both new and old flats, the Chief Executive has reiterated that price-curbing measures won't be relaxed.
There was an overwhelming response over the long weekend to a developer's offer of rebates for a luxury housing project above the Kowloon MTR station.
Transactions of second hand properties also reached a four-month high.
Chief Executive Leung Chun-ying said this illustrated the need to maintain the cooling measures.
"This clearly shows what kind of state the property market would return to if the government listened to some calls in society for it to amend or reduce the cooling measures," he said.
Leung urged lawmakers to approve the property-cooling proposals as soon as possible.
Some legislators and real estate agencies want to include a sunset clause and exemptions to the measures. --RTHK