HKR hails HOS flats suspension

HKR International Limited (0480) Executive Director Victor Cha noted after the general meeting that the suspension of new units of Hong Kong Housing Society (HKHS) will have positive impact on the market. As to whether the government should launch other policies to spur the residential property market, he noted that it is too soon to comment since the impact of the new policy remains to be seen. With respect to the intention of HKHS to develop residential properties in Shenzhen, Cha declined to comment on that, claiming the proposal may not get materialised.

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