Dispute over the fugitives regulations Chen Fan: The property market has no direct impact

Dispute over the fugitives regulations Chen Fan: The property market has no direct impact

The Secretary for Transport and Housing, Mr Chan, was asked at the annual special meeting of the Housing Authority yesterday to ask whether the anti-amendment of the Fugitive Offenders Ordinance would affect the property market in Hong Kong. He said that the changes in the property market were based on many factors. There will be a direct impact.

Non-profit organization for more transition houses

Mr Chan said that the changes in the property market are affected by many factors, including supply and demand, public interest in the property market, Hong Kong and global economic factors, etc. It is believed that the fugitive offenders Ordinance or the earlier procession is not directly related to the property market, and the Bureau will also Pay close attention to housing supply and overall property market development. In addition, Chen said that there will be a shortage of housing supply in the next few years. The Government will try its best to increase the land and speed up the construction of public housing. It will also cooperate with non-profit organizations to provide more transitional housing.

Mrs Chan was also asked whether it would consider the proposal for a “pinning building" for the use of green housing in the estate. He said that the HA is studying the existing rental estates, including the review of the plot ratio of estates. In the process of building or renovating the space, the living environment and traffic arrangements of existing tenants will also be considered. The decision will be made depending on the actual situation.

In fact, according to the data released by the Rating and Valuation Department at the end of last month, the private residential price index for April this year was 390.5 points, up by 3.2% from the March index of 378.5 points. The private home price index to the previous high was last July, the index was 394.8 points, the index was 4.3 points from the high, and May is expected to hit a record high.