Posted 11/14/2023, 5:37:37 AM
Hong Kong Leader Says Property Market Needs Time to Adapt to Recent Cooling Measures
- Hong Kong's property market needs time to adjust to new cooling measures introduced in policy address, John Lee says
- Hong Kong's property market needs time to adjust to cooling measures less than a month old, city's leader says
- Property market woes not unique to Hong Kong, but faced by economies due to high interest rates, John Lee says
- Lee cites reports of more inquiries to agents by buyers, like those under talent schemes
- Natural for people to take time before deciding to buy house, Lee says
- Lee says bidding may be affected by high previous housing supply in some areas
- People closely monitoring market trends before buying, Lee says