Secretary for Transport & Housing Prof Anthony Cheung said today the proposed premium loan guarantee scheme for subsidised flats is aimed at creating flexibility and promoting the circulation of those flats in the market, in line with government policy.
Speaking to reporters after a radio programme this morning, Prof Cheung said the measure is appropriate given the current real estate market situation.
Commenting on the market cooling measures the Monetary Authority announced last Friday, the housing chief said they were aimed at ensuring a stable financial and banking system in light of recent market fluctuations.
He added that it was too early to say how effective the measures were.
Prof Cheung also advised property buyers to be mindful of local and external factors affecting the market's development, but he did not want to speculate on future market trends.