Thursday, November 26, 2015   

Home prices 'out of reach for most'
(01-22 14:17)

The Housing Secretary, Anthony Cheung Bing-leung, has conceded that property prices are now out of the reach of the general public.
Cheung was responding to a survey that has ranked the territory as having the least affordable homes in the world for a fourth year in a row. Speaking during an RTHK program, Cheung said the government understands the severity of the housing problem, and will continue to look for ways to boost land supply. He said the introduction of heavy stamp duties on property transactions had "tamed" prices in the past year. --RTHK   
Other Hong Kong breaking news:
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Education chief gives wide berth to self-serving English skills survey (11-25 17:51)
Costly electricity subsidies rejected (11-25 17:36)
HKU panel begins search for managerial candidate (11-25 11:05)
Lau Kong-wah visits HK affairs office in Beijing (11-24 17:04)
Transport chief takes HK logistics message to Seoul (11-24 17:02)
Winter chill set to descend on city (11-24 15:53)
113 of 189 new HIV infections linked to gay or bisexual contact (11-24 13:33)
HKU seeks longer court ban on leaks (11-24 13:27)
Leung warms up to young politicians (11-24 12:04)

More breaking news >>

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