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Hong Kong Housing Prices Starting to Ease, Says Chief Executive

By Tony Seruga

Leung Chun-ying says cooling measures beginning to pay off
He vows to resolve the housing issue with increased supply

Hong Kong Chief Executive Leung Chun-ying said government measures to curb property price increases are starting to bear fruit and vowed vigilance on housing affordability in the world’s most expensive place to own a home.

“Market data has shown that prices in the primary and secondary markets have started to decline,” Leung said in a speech to lawmakers at Hong Kong’s Legislative Council on Thursday morning, without giving specific details. “The government is determined to resolve the housing issue,” he said…

Hong Kong Housing Prices Starting to Ease, Says Chief Executive

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