Thanks to a new law, Hong Kong’s property prices are unlikely to come down.
Hong Kong has its sights set on fat cats, but the fundamental problem is not economic, it is political. Without good politics, there can be no good economy. The Chief Executive of Hong Kong is appointed by the CCP in an openly dictatorial relationship. The people of Hong Kong should avail of Article 39 of the Basic Law, which states that the people have the right to call for referendums. To curb corruption, the heads of the executive, legislative, judicial and procuratorial branches should be elected in alternating years, and 1/4 of all legislators should face election each year. See the Charter for Permanent Peace and Development.