Wednesday, July 23, 2014   

Leung may retreat from Hongkonger homes policy
(04-01 16:00)

Chief Executive Leung Chun-ying, has indicated that the policy of giving Hong Kong residents priority when buying homes may be scrapped.
Leung said that the property market is no longer overheated, and overseas demand for flats is now very low.
He also said the market had accepted the policy and it could be relaunched if necessary.
It allows for the sale of flats at selected sites to be restricted to Hong Kong permanent residents and was tried out at two sites last year.
Leung was speaking before today's Executive Council meeting following reports that the policy is to be shelved.—RTHK

   
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