Embattled Hong Kong leader unveils measures to ease housing crunch [Reuters]
NEW WORLD DEV LTD S/ADR (NDVLY)
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Source: Reuters
Embattled Hong Kong leader unveils measures to ease housing crunch - Reuters 4 Min Read HONG KONG (Reuters) - Hong Kong leader Carrie Lam announced measures aimed at easing a housing shortage on Wednesday as she battles to restore confidence in her administration and address widespread discontent after four months of anti-government protests. Lam had earlier been forced to abort her annual policy address after some lawmakers jeered as she began speaking, causing an unprecedented cancellation of the speech in the legislature of the Chinese-ruled city. The Beijing-backed Lam later gave her speech over a video feed, saying her government would drastically increase the number of housing projects and accelerate the sale of public housing schemes. Anger over sky-high property prices, especially among the young, is widely believed to have fueled the at times violent protests that have rocked the city for months. Lam, who has rejected calls to step down, said about 700 hectares of private lan
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