Hong Kong’s red-hot real estate market to cool down as pro-government Legco raises land supply, says Ronnie Chan of Hang Lung Properties

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Hong Kong’s fiery housing market is likely to return to more measured growth now that the government faces less opposition to pushing the land supply in a Legislative Council dominated by pro-government lawmakers, according to one of the city’s most influential real estate moguls. Ronnie Chan Chi-chung, the outspoken chairman of Hang Lung Properties, said that the passage of the controversial national security law last year and sweeping electoral reforms meant laws aimed at increasing the amount of land …