Hong Kong's property market cools

08:36, December 10, 2010      

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Moving to Hong Kong now, and the overheated residential property market there has cooled in recent weeks. It suggests the government's new anti- speculation measures are working.

According to a senior government official, a duty that is now applicable to all residential units regardless of size or value should prevent capital from switching to the mass market from the luxury market. The government is also ensuring that financial institutions remain prudent in extending loans. The official says that the government will continue to monitor the situation and respond as necessary to any changes in the market.




Source: CNTV.cn

(Editor:李佳)

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