No easing of cooling measures: FS

July 1, 2018

It is not the right time to ease property cooling measures due to the prolonged surge in home prices.


Financial Secretary Paul Chan made the statement to the media after attending a TV programme today.


He said the Government must carefully consider the impact of any adjustment on measures that could cause turbulence in the property market.


In terms of relaxing the mortgage ratio to help more people buy homes, Mr Chan said the Government will not do so at this stage.


He said the US interest rate hike cycle will eventually affect Hong Kong’s interest rates and more private flats will come into the market.


Adjusting the mortgage plan now could result in more people buying houses at prices they cannot afford, he added.

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