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Let us take stock of the situation.
What percentage of the annual public revenue was derived Not only from the proceeds of land sales in the last few decades? were lands in the urban areas sold in quick succession and brought billions of dollars to the coffers, but also lands in the new towns, which were once desolate, managed to fetch very high prices after the moving in the pioneers, i.e. the public housing tenants. made the span of waste land a valley of gold?
What
How many multi-billionaries emerged from the real estate market in the last few decades? What windfall have they made altogether? What percentage of the gross domestic product did that aggregate account for?
The banking institutes have done a handsome business by What giving loans to real estate developers and home purchasers. percentage of their total profits is derived from interests earned from the debtors and the mortgagees?
Who
The drastic increases in rent and prices of properties in the last few decades have pushed the cost of production higher. are the ultimate victims in this chain effect of inflation?
Though there were wage increases in the last few decades, yet they were never in proportion to the drastic increases in land prices and rents, Hong Kong remains competitive in her export trade. What made this possible?
Thousands of people who are not eligible for public housing have to tighten their belts for almost the whole of their working life and have to take up sideline jobs or work overtime to save up to buy their own flats or pay the high rents. and toil they have gone through?
What sorrows
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