University student should look at things bigger than the Hong Kong Summary Budget

CHUNG SHU TING- The price of has been through the roof in recent years, Financial analyst Peter Wong says that there is no easy way for the government to resolve the soaring problem.

With a large giveaway budget, many are pleased to receive the “gift”, however Peter Wong, also the Director of The Lion Rock Institute urged University students not to focus on the Summary budget.

“It is none of your (university student) business, you should not even look at such small amount.”

Days after the “gift”, Hong Kong Monetary Authority released three tough measures to control the high property prices.

“It is impossible to know or predict if property prices will soar without tough measures, it can never be verified.”

The younger generation has been the increasing difficulty of having their own property, the annual Demographia International Housing Affordability Survey revealed that Hong Kong is the hardest city globally to own a property.

Past years, Hong Kong government has been trying to regulate the property price via tough measures, however Wong said, “I can’t see any painless way the government can use to fix the high property price problem.”