Housing director Rosanna Law says she is ‘not very worried’ about slowdown in subsidised homes market and highlights number of people ‘waiting in line’ for public flats.
Hong Kong Financial Secretary Paul Chan on Wednesday scrapped measures intended to cool the property market, and raised the tax on high income earners to plug the hole in the budget.
A survey on the rental conditions of subdivided flats finds over 70 per cent of respondents risked being overcharged for utilities, while nearly half have not signed physical contracts.