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Real estate reforms key challenge for new HK chief

Property curbs clearly aren't working, and focus should be on how to meet demand

Published Tue, Mar 28, 2017 · 09:50 PM

Hong Kong

FEW bigger challenges loom for Hong Kong's new Chief Executive Carrie Lam than bringing down real estate prices in the city, the world's least affordable.

Increasing the supply of available land may take time, so she could start with removing property curbs. They've done little to tame soaring prices and in fact have worked to create ever tinier apartments.