Hong Kong's Urban Renewal Authority announced new rule that should increase transparency in the property industry. The new measures include restriction on corporate purchases of flats to 10% of total sales and two units per buyer as a maximum limit during the sale period.

However, this came two weeks after the government said it may raise sales taxes on some homes and increase land auctions in an attempt to avoid a bubble in the properties market. Home prices in Hong Kong rose 7.6% this year, while it jumped 29% last year raising concerns that buying homes won't be affordable.