News Headline Summary

Hong Kong's chief executive Leung says China growth provides opportunities

Says:

- Hong Kong must curb demand if housing needs not addressed.
- To restrict housing sales to foreigners if shortage persists.
- Hong Kong govt. will take measures to increase land supply.
- HK to convert more sites for residential uses.
- Will build up a land reserve.
- Will develop new land in 'large scale'.
- HK is to provide 2,000 to 3,000 hectares by reclamation.
- HK to increase subsidized healthcare for elderly.

16 Jan 2013 - 04:04 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: