Hongkongers react after 2024-25 budget scraps measures to cool property market

Hong Kong’s finance chief Paul Chan Mo-po has announced the city will remove restrictions that had been put in place to cool the city’s property market. Paul Chan Mo-po unveiled the move while unveiling his budget blueprint for the coming financial year on Wednesday, February 28, 2024. The Post spoke with Hong Kong people to discover what they think about the policy shift that is part of Chan’s solutions for the city as it faces a sluggish economy and shrinking fiscal reserves.