Hong Kong Secretary Chan Sees Strong Financial System

The video discusses the role of market forces and the government in adjusting property prices in Hong Kong. It highlights Hong Kong's financial resilience and the measures implemented to control property prices, such as tightening mortgages and stamp duties. Despite these efforts, low interest rates and liquidity have kept prices high. The video also examines the dynamics of demand and supply, noting that external and speculative demands are suppressed. It concludes with a discussion on developers' strategies and the importance of government land supply to balance the market.

What is the primary factor that should determine property price adjustments according to the speaker?

• Public opinion

• Government regulations

• International trends

• Market forces

Which of the following measures has Hong Kong implemented to control property prices?

• Reducing property taxes

• Increasing interest rates

• Tightening mortgages

• Subsidizing housing

Why have the measures to control property prices in Hong Kong not been fully effective?

• Lack of government intervention

• Ample liquidity and low interest rates

• Decreasing demand

• High interest rates

What is a significant challenge faced by Hong Kong developers in the property market?

• Lack of skilled labor

• Competition from Chinese developers

• High construction costs

• Strict environmental regulations

What does the speaker suggest is crucial for the government to maintain in order to balance the property market?

• Land and housing supply

• High property prices

• Low interest rates

• Foreign investment