Skip to Content
AP-National

Hong Kong lifts curbs on property market, to spend more on tourism

By
Published 12:29 AM

By ZEN SOO
AP Business Writer

HONG KONG (AP) — Hong Kong’s government is lifting some curbs on property deals after home prices fell to a seven-year low. Finance minister Paul Chan announced the move in a speech Wednesday presenting the territory’s budget, which also raised spending on tourism promotion. Chan said all curbs imposed earlier to cool the property market would be lifted with immediate effect. Home prices have fallen for nine consecutive months and share prices have languished as a tightening of freedoms in the semi-autonomous Chinese city has rattled investors. Hong Kong’s tourism has not fully rebounded after it reopened to travel following the COVID-19 pandemic.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

Related Articles

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content