Thursday, July 31, 2014   

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   
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