Hong Kong’s chief executive chimes in with concerns over housing affordability as dovish interest rates rekindle prices

Hong Kong’s head of government has chimed in with a growing chorus of concerns about the city’s housing affordability, as dovish monetary policy has rekindled a cooling property market.“It does worry [me] because housing prices have already become very unaffordable, and they will become even more unaffordable if the reverse that we have seen since January this year is going to continue in the foreseeable future,” said the city’s Chief Executive Carrie Lam Cheng Yuet-ngor on the sidelines of the…

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