Hong Kong has enough land to build 2.8M flats if......

[wayland]

I think this will be difficult to regulate because i don't think you can force them to sell a product especially if there are no buyers at reasonable prices. But the reason there hasn't been stricter regulations on developers is due to vested interests and the power and influence they have on the HK government.

And that's my point. People keep demanding more land which doesn't solve the problem.

[Gatts]

Just read this post by Civil Servant, asides from blindly swallowing government propaganda he ended on these two sentences which made me choke in my tea from laughing:

There have been public consultations and things are proceeding. Saying that government is just intentionally restricting supply, doesn't do anyone any favors.

ROOOOOFLLLLLLL

[UK/HKboy]

You put it in the terms for the Land Lease. Must be developed and sold (to none equity linked) by say 5 years after purchase.

You underestimate the developers. They will sure as hell do all they can to worm their way around this using loopholes, just like they've done before.

[UK/HKboy]

Original Post Deleted

The buying of overpriced crap happens in all countries, not just HK. Just see the luxury goods markets.

Just like luxury brands, the developers control supply. The supply is low enough so that there are enough wealthy people to buy their products at that price. But supply is not too high so that demand cannot reach supply and they need to discount prices.

At the moment, the demand is still there from locals who need flats to live in and investors who believe the price will increase.

[civil_servant]

At the moment, the demand is still there from locals who need flats to live in and investors who believe the price will increase.

You mean like these guys?

Despite long commutes to save money, Hong Kong couple just can’t keep pace with rising property prices | South China Morning Post

I just can't figure out why one can't have a baby without property ownership. Can anyone tell me?

[Nimitz]

Can you catch something flying? Surely difficult and stupid.
If all flats are NOT allowed to trade at a higher price for 10 years, the property market would be back on ground and become more reasonable.

[Nimitz]

Gaining in the property-market? You are EATING the future of the younger generations, the future of the society. How much money being locked up in the property market? And you are talking about ECONOMY and GROWTH?