Lin Zheng: Or add a spicy limit to non-Hong Kong people to buy a building. Reclamation is inevitable.

Chief Executive Lin Zhengyue launched six new housing measures on the previous anniversary, but was questioned to help not curb property prices. When attending the question and answer session of the Legislative Council yesterday, she said that if the existing “hot spot" in the property market is not hot, the Government could consider other measures, including examining the “restriction" measures to further restrict the purchase of flats by non-Hong Kong residents. She also reiterated that it is inevitable to increase the supply of land in Hong Kong in the long run and to reclamation outside Victoria Harbour.

Yesterday was Lin Zhengyue in this legislative year and the last time I went to the Legislative Council to accept Members’ questions. The New Democracy Alliance Fan Guowei and the Chairman of the New Democratic Party, Mrs Ip, have asked whether the Government will follow the example of the Mainland cities and implement a “restriction order" on the external purchasing power of private residential properties. Mr Lam quoted the Financial Secretary, Mr Chan Mao-po, as saying earlier that it would further restrict the sale of private buildings in Hong Kong to non-Hong Kong residents. “We can look at it and continue to watch it. If the hot move is not hot or has no effect, is there any other way to build it?" When there is an extreme shortage, think about other policy measures?"

Regulating the rent of the mortuary is counterproductive

Mrs Ip pointed out that the “new six strokes" of Mr Lam was welcomed by some members of the public. However, the property price continued to rise. The previous Government’s launch of a number of rounds of stamp duty has proved that it is difficult to curb demand. “I am glad to hear that the Chief Executive said that the restriction on purchases should not be excluded. I think this is a must." She explained that only Hong Kong permanent residents can buy private residential properties, which can exclude allegations that mainlanders are pushing up property prices in Hong Kong, reducing the public’s expectation that the property market will only rise and fall, and can withdraw in the long run. The home stamp tax is hot, asking the government when to seriously consider introducing restrictions.

Mr Lam responded that it is not appropriate for the Chief Executive to make the property market development and policy too specific to avoid further stimulating property prices. However, he stressed that in order to protect Hong Kong people’s demand for housing, they will not rule out any proposals and will carefully monitor the situation and respond promptly. .

Asked whether there will be legislation to regulate the rent of the mortuary, Lin Zheng said that in the face of today’s tight housing and lack of units, any rental control may be counterproductive. The Government cannot act rashly, otherwise it will be affected by the housing needs of the grassroots families.

Incoming family in Hong Kong

Fan Guowei once again proposed that the one-way permit quota should be tightened and the housing problem should be viewed from the perspective of population policy. Lin Zheng responded that Hong Kong’s economic development requires more labor. Therefore, Hong Kong should be welcomed by mainlanders who come to Hong Kong on the basis of family reunion. The government’s job is to develop land to meet the housing needs of the population.

Lin Zhengyue said earlier that he supported the reclamation and played a “open card". He hoped that the land debate would reach this conclusion. She reiterated yesterday that every land development option would lead to fears, dissatisfaction or opposition from a particular sector. Therefore, there is a need for rational discussion in the whole community. At least there is broad consensus. “In the long run, fill in places other than Victoria Harbour. The sea seems to be inevitable, because it is not the next five or ten years (land supply).