Hong Kong to curb purchases of more than one flat to rein in prices

HONG KONG, April 11 (Reuters) - The Hong Kong government

said on Tuesday it will curb purchases of more than one flat by

individuals using one legal document in a bid to cool sky-high

property prices in one of the world's most expensive real estate

market.

Home prices in Hong Kong have jumped 364 percent since 2003,

while the median monthly household income has risen just 61

percent, pushing home ownership out of reach for many.

Hong Kong last introduced property cooling measures in

November 2016, raising stamp duty on property transactions for

the first time in three years but the measures had little

impact.

(Reporting By Twinnie Siu, Venus Wu and Michelle Price; Writing

by Anne Marie Roantree; Editing by Nick Macfie)