Hong Kong’s new housing policies aim to lower down payments and increase development

Hong Kong’s new housing policy package may ease some tensions, but it is unlikely to cure social unrest in the city, says JLL’s Hong Kong Business Chairman Joseph Tsang.

The new measures come as Hong Kong leader Carrie Lam tries to restore some confidence in her city that has been embroiled in five months of protests.

The initiatives could be a good step forward in improving quality of life for low-income households, Hannah Jeong, head of valuation & advisory services at global commercial real estate services firm Colliers, told CNBC.

Read more on: https://www.cnbc.com/2019/10/24/hong-kong-housing-policies-target-affordability-public-developments.html/