Regina Ip’s proposal to cap shop rents at Hong Kong public housing estates run by Link Reit is labelled communist
Regina Ip... floated the idea of legislating to limit rent increases for stores in malls managed by the Link Reit, Asia’s largest real estate investment trust.But allies and adversaries alike on Monday came out in opposition to the idea, saying it would damage the city’s free-market credentials. One pro-business politician even called it communist.Chung added: “Regulating rent increases for one particular private listed company sounds more like a socialist or communist idea.”