Hong Kong tycoons are US$3b richer on Lam’s housing policy

HONG KONG: In her annual policy address Wednesday, Hong Kong’s embattled leader Carrie Lam vowed to help citizens get on the property ladder.

While the jury’s still out on whether changes to mortgage loan value limits and converting farmland for public housing will do that, there’s already one group prospering -- the city’s real estate tycoons.