Monday, March 4, 2013

Buyers pay price of confusing property curbs





Hong Kong's famously "non-interventionist" government has intervened five times in the property market over the past five years to either raise or lower prices.


The government, of course, thinks it is being helpful and Financial Secretary John Tsang Chun-wah stressed that the new measures would not affect half of the local buyers. Presumably he also meant sellers, but he did not say this.









via Business feed http://www.scmp.com/business/money/article/1173363/buyers-pay-price-confusing-property-curbs

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