Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. Energy News .




TRADE WARS
Hong Kong leader warns of talent drain over housing
by Staff Writers
Hong Kong (AFP) Dec 6, 2012


Hong Kong's leader on Thursday said the Chinese city needed to boost its housing supply and create more living space or the "best and the brightest" talents of the next generation would go elsewhere.

One of the world's most densely populated cities, Hong Kong has seen its property prices skyrocket in recent years after an influx of mainland Chinese buyers, pushing home ownership beyond the reach of many of its seven million people.

Leung Chun-ying said the issue needed to be addressed urgently or the space-starved city, which already competes with Singapore to be Asia's economic powerhouse, will lose its competitiveness.

"If we cannot, within the phase of the next two or three decades, generally increase the space in Hong Kong, the best and the brightest of the next generation will leave us," the 58-year-old former property consultant told the city's Foreign Correspondents' Club.

"We would have lost our competitiveness in attracting and retaining overseas talents, (and) also our competitiveness in retaining our local talents.

"We need to have adequate land supply not just to meet new demand... but also to give people more elbow room in their living space and also in their work space."

Leung has vowed to boost land supply and make housing more affordable since he took office in July after he was elected by a 1,200-strong committee packed with pro-Beijing elites.

And the government in October slapped new taxes on foreign buyers and raised stamp duty on resale within three years, in a bid to cool the overheated housing market.

The leader said his government will continue to deepen ties with Beijing, despite opinion polls earlier this year showing anti-Beijing sentiments had surged to a new high since the former British colony was handed back to Chinese rule in 1997.

Leung said he has rolled out a slew of measures to tackle the disenchantment among Hong Kongers toward mainlanders, including a decision to stop mainland Chinese women from giving birth in the semi-autonomous city.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
S. Korea's LG to appeal European fine for price-fixing
Seoul (AFP) Dec 6, 2012
LG Electronics vowed on Thursday to appeal against a European Commission fine of nearly 500 million euros ($653 million) for price-fixing, calling the penalty unfair and discriminatory. The Commission imposed on Wednesday a record fine of 1.5 billion euros on seven top TV and computer screen makers including South Korean electronics giants LG and Samsung SDI for running decade-long price-fix ... read more


TRADE WARS
S. America upbeat on energy growth in 2013

Making sustainability policies sustainable

Need for clean energy 'more urgent than ever': IEA

Japan's Hitachi, Mitsubishi Heavy to merge power units

TRADE WARS
Saudis seek oil in Red Sea 'safe zone'

Synthetic fuels could eliminate entire U.S. need for crude oil, create 'new economy'

China demands Vietnam stop oil probe

Numerical study suggests subsea injection of chemicals didn't prevent oil from rising to sea surface

TRADE WARS
Brazil advances wind power development

US Navy, DoD, Developer Announce Wind Farm Agreement

Britain: Higher energy bills 'reasonable'

Areva commits to Scotland turbine plant

TRADE WARS
German's solar ovens make sunbaked tortillas in Mexico

British firm to build 'Africa's biggest solar plant'

The Future Looks Bright: ONR, Marines Eye Solar Energy

The Installed Price of PV Systems in the U.S. Continues to Decline at a Rapid Pace

TRADE WARS
PM says France committed to problem-plagued nuclear reactor

Bulgarian president hints at revival of Russian nuclear project

Outside View: Japan's energy conundrum

Who will win the Temelin NPP bid?

TRADE WARS
Plastic packaging industry is moving towards completely bio-based products

Gases from Grasses

Garbage bug may help lower the cost of biofuel

Tiny algae shed light on photosynthesis as a dynamic property

TRADE WARS
Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

TRADE WARS
EU carbon capture projects lost: MEP

Hot air hovers over UN climate talks

The widening gap between present emissions and the two-degree target

EU, US rule out climate funding pledges in Doha




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement