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I was delighted by the government's announcement on Monday, December 24, that it planned to boost land supply [in the coming quarter] for the construction of 3,000 new apartments.
This is a welcome gift for the new year. This joint initiative of boosting land supply and building the additional flats can help to cool the overheating property market.
I appreciate the measures that Hong Kong administrations have taken over the past few years to curb rising housing prices.
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