Hoping to help stop the local property price from going up too fast, the Hong Kong government has just imposed a 15% tax for residential homes to be bought by foreign buyers. However, the real effect of this new policy remains to be seen.
Perhaps, to keep up with the times, a Laissz-faire economy with proper government intervention would be necessary?
Hong Kong has just been named the World’s most Livable City according to EIU. It even beats Singapore (N0. 22), a surprise to many!
The main point seems that most residents here choose to live in the city,thus leaving vast suburban areas green and eco-friendly…
With other recently awarded titles like “Best Business City in the World”, “World’s Greatest City”…Hong Kong is fast becoming the “paradise” on earth?