The main factor behind the housing shortage in Hong Kong was land supply. - Starpic
HONG KONG (Reuters): Solving Hong Kong's shortage of housing and increasing land supply will be key priorities for authorities under the new, "patriots only" political system imposed by Beijing, Chief Executive Carrie Lam said on Tuesday (Sept 21).
Lam's remarks come after Reuters reported last week that Chinese officials have told Hong Kong's powerful tycoons in closed meetings this year that they should pour resources and influence into backing Beijing's interests and helping solve the city's housing shortage.
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