Secretary for Development Paul Chan has urged homebuyers to take a more comprehensive look at the property demand and supply situation, and consider affordability.
Speaking to the media after appearing on a radio programme today, Mr Chan said the rising price of property in the past year has affected the financial model.
He said the Monetary Authority’s new mortgage-tightening measures will help cool the property market.
The property supply situation is improving, so there will be more choices for homebuyers in the next three to four years, he added.
