Hong Kong's land freeze may be too late
Article Abstract:
Economists are criticizing the latest government measures to help solve Hong Kong's real estate problems. The government has restricted land sales for 9 months after privatizing public housing in December 1997. Under Chief Executive Tung Chee Hwa's public housing sales program, the real estate market crashed with prices falling about 40%. The latest measure would help secure property prices by releasing about $2.6 bil in bank funds.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Reform efforts in China are hurting housing stocks
Article Abstract:
Market analysts report that China's economic reform program is flawed and that it could send signals to housing investors to hold on to their money instead of buying houses. Reform of state-owned enterprises has not been going smoothly and this could mean that the government's promise of subsidized housing, free health care and lifetime jobs could be unattainable and thus, the economic fallout.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Comment about this article or add new information about this topic:
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