Chui says govt curbs on housing market are enough

2015/3/2

From:Macau Business

Chief Executive Fernando Chui Sai On has said changes in the measures his government has taken to curb housing prices in Macau are unwarranted.

The chief executive was speaking to reporters on Friday, when the Hong Kong government announced further measures to dampen speculation in the property market there, in view of the prospect of

US interest rates rising this year and dragging up interest rates in Hong Kong and Macau, where the currencies are pegged to the US dollar.

Mr Chui said conditions in the Macau’s housing market did not justify any changes in his own government’s measures to rein in prices.

Copyright@Macau Business