Latest cooling measures unlikely to work: HK property watchers

Singapore

THE world's least-affordable major city continues to be plagued by troubles in the residential property sector, with housing woes expected to take centrestage during the March 2017 chief executive election.

Incumbent leader Leung Chun Ying has grappled with calls for better use of Hong Kong's land, of which less than 25 per cent has been developed.

This is one of the main reasons housing is expensive and land supply is short, Mr Leung told attendees of a banquet hosted by the Bauhinia Foundation Research Centre think-tank, according to a government press release.

"Every piece of our land could be used for building houses, as long as we, the Hong Kong people, want to do it," he said. "We should have a clear sense on what matters most a…