Hong Kong boosts land supply to cool property market


HONG KONG (Reuters) - Embattled new Hong Kong leader Leung Chun-ying said in his maiden policy speech on Wednesday that subsidised and public housing supply would be bolstered in an effort to address the city's red-hot property market.

Leung will be hoping the populist policy will help salvage his battered reputation and shore up his political future after several scandals, mass protests, and a failed impeachment in his first six months in office.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Indians vote early in fifth phase of polls to avoid scorching heat
TikTok considers letting users upload videos 60 minutes long
Mexican presidential candidates spar over security in final debate
Sweden’s small game studios punching above their weight
Some AI companies face a new accusation: ‘Openwashing’
Companies are trying to attract more smartphone users across Africa. But there are risks
US man who sought revenge for a stolen phone pleads guilty to fire that killed a Senegalese family of five
Who is Mohammad Mokhber, the man set to become Iran's interim president?
Iran's President Raisi, Foreign Minister die in helicopter crash, Iranian official tells Reuters
Can we rid artificial intelligence of bias?

Others Also Read