Can the increase of land supply alone make Hong Kong housing less expensive?

Hong Kong housing has consistently been ranked the least affordable in the world. This affects individuals as much as businesses in the Special Administrative Region. The common explanation given is the shortage of land for development. But can an increase in land supply alone resolve the problem?

We were pleased to welcome Mr. Donald Choi, CEO of Chinachem Group, one of Hong Kong’s leading property developers, and the former Architect of the Hong Kong International Airport Passenger Terminal, as our speaker. He shared with us what other factors apart from limited land supply could affect Hong Kong’s housing prices. Mr. Choi also addressed the question of what will happen to the Hong Kong real estate market with more land supply.