In this article, CY flat price vow as curbs idea rejected - The Standard he cites some of the same points I have made in the past as to why property in HK is currently realitvely affordable.
In an interview with The Wall Street Journal, Leung said he would not bring prices down by "flushing the market with new land supply."
And looking at the Centa-city index, it seems prices in HK last week hit an all time high.