The Government is keeping a close watch on the property market and will respond to any changes appropriately, Financial Secretary John Tsang says. Mr Tsang spoke to the media at the airport this morning after his European visit, noting that the economy is subject to the influence of a number of external factors, including the possibility of the rise of US interest rates within this year. The increasing supply of residential property may also affect the price, he said, adding that price adjustments in the property market are to be expected. On the recent decline in tourist numbers which may have an impact on Hong Kong's tourism and related industries, Mr Tsang said the Government is concerned about the situation and will take appropriate actions.
Hong Kong's﻿﻿ Financial Secretary , Donald Tsang , has reported that the Government is closely monitoring the property market and is not afraid to react to ﻿any developments that occur . He believes that factors outside of Hong Kong 's economy are threatening to influence its property market , ﻿such as the potential increase of rising interest rates and the increasing﻿ price of residential property .