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Hong Kong Budget’s housing fix misses the point
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The latest move evades the root cause of the city’s twin problems of housing availability and affordability: supply.
ST PHOTO: KELVIN CHNG
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Hong Kong’s latest fix for its festering housing crisis
The financial hub’s annual Budget unveiled on Wednesday cut the tax rate for first-time buyers of homes priced up to HK$9 million (S$1.5 million).
