Property cooling measures deserve support
辣招立法應盡快通過 創造樓市軟着陸環境

【明報專訊】ONE after another, land developers have recently revised their selling strategy. Sun Hung Kai Properties is selling its last batch of flats in The Cullinan project at what is described as "greatly slashed" prices, with concessions and rebates which at the most amount to as much as 25 percent of the selling prices for non-local buyers, or about 15 percent for local buyers. Consequently, local and mainland investors have flocked to The Cullinan to draw lots for a chance to buy the flats, the first sixty of which have been snapped up in no time. Other developers offering discounts or rebates set at different levels also enjoy relatively good sales. Clearly, the rebate schemes aim at offsetting the government's property cooling measures, and represent a bid to stimulate the market by easing the buyer's financial burden.