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There is a great deal of public concern over high property prices and soaring rents in Hong Kong.
The government, in collusion with the property tycoons, has made these prices possible and has no interest in seeing a downward correction.
Market forces should set prices in a society but this does not happen in Hong Kong, where the market is biased. The government curtails land supply in a drip-by-drip fashion, with no appropriate intervention when prices skyrocket.
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