Property Cooling Measures

Until the liquidity taps are tightened expect the government to keep coming up with measures to cool the property market BUT NOT CRASH IT. That is exactly why they have to intervene many times.

Whatever the government do on this issue, people will be unhappy. They will have to think of the longer term consequences and ignore public opinion. To their credit they are doing exactly that. They can do more but that is beyond what they have courage for.