General situation
CE said the birth rate in HK is 0.56%. Comparing the 2-3% in Singapore, we are on the low side and ranked at 132nd globally.
The price index has gone up from 50% to 200% during the last ten years.
The vacancy of housing units is lowest for the past 10 years.
The shortage of housing supply is serious. The long term housing policy committee suggests to improve the public and private housing supply. the ratio of the two is 6:4.
Govt will commit to build more public housing. By 2016, there will be a supply of 16,000 units and will be increased further in the following years.
The Bubble
Housing is a matter of essential and basic need. It is not a luxurious expectation.
Govt would protect the local interest and avert speculative activities.
See, measures taken against the issues of mainland mothers, milk powder.
Noting the concern and request of developers for relaxing the tightening measures. But upon careful consideration, it is of the view that relaxation is not a viable option for the time being.
Housing problem is a serious one. The govt is determined to tackle it with every endeavour. Particularly, the govt is trying to cool down the overheated property market but at the same time without deterring the housing supply .
