Hong Kong government plans to increase supply and help real estate

                                                                                    INQUIRY

      In order to solve the housing shortage and the housing difficulties of Hong Kong people, we will continue to focus on the new policy address issued by the chief executive of the Hong Kong SAR on Wednesday. In addition to increasing the supply of public housing through short-term and medium-term measures, the government also plans to use the land resumption Ordinance to recover part of private land for public housing development. At the same time, we call on property developers to support government policies. To develop the land it holds.
At 11 a.m., Mrs. Lin read out her third policy address to the Legislative Council. However, shortly after the opening of the meeting, she was interrupted twice by protests from some members. At last, President Liang Junyan announced the adjournment of the meeting. For the first time ever, Mrs Lam delivered a policy address to the public through video.
She said in the video clip that housing is the most serious livelihood problem facing Hong Kong society at present, and also the root of some people's grievances, which she never took lightly.
"The social disputes in the past few months have slowed down the implementation work, but also made me deeply understand that the governance team must rebuild the public's confidence in the government's handling of this old, big and difficult problem with greater determination and courage." She said.
She also proposed a number of short-term and medium-term measures, including the land recovery Ordinance, which is regarded as the "sword of Shangfang" for the government to take back the leading power of land supply.


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