(Hong Kong Comprehensive News) Hong Kong Chief Executive Li Jiachao announced on Wednesday (October 25) that a number of "spicy" measures "were announced, including halving buyers' stamp duty.The stock price of the business closed on Wednesday.
Comprehensive "Hong Kong 01" and Reuters reported that Li Jiachao issued the second policy report during his tenure that in the face of the tight supply of houses and the strong rigid demand of citizens' home property, the SAR government launched multiple rounds of demand management since 2010Measures, or the commonly known "spicy tricks", combat short -term speculation activities and reduce foreign demand, ensure the stable development of the property market and take priority to take care of the needs of Hong Kong citizens.However, in the past year, interest rates have risen significantly, the economy of multiple regions has slowed, the local property market has decreased, and property prices have also been adjusted.
He said that with Hong Kong's future housing supply will continue to increase, after considering the overall situation, the SAR government has decided to take a number of management measures for adjusting the demand for residential property to take effect on the same day.
Specific measures include the applicable period of additional stamp duty from three years to two years, buyers' stamp duty and new residential stamp duty, and the implementation of the property stamp duty of foreign talents is "first -rate and then levied".
However, the market responded coldly about the measures launched by the Hong Kong government.The Li family also announced on Wednesday that the stamp duty of stock transactions was reduced from 0.13%to 0.1%. The three major indexes of Hong Kong stocks rose on Wednesday.
Zeng Huanping, chairman of the Hong Kong business chairman of the real estate consulting company, believes that the global economic downturn and the rise in interest rates are the factor that makes the property market lingering.Downside trends.
Hong Kong house prices soared by nearly 300%during the ten years from 2009 to 2019, but began to adjust after that.Data show that as of the end of June this year, the overall residential property prices in Hong Kong fell 13%compared with the high level in 2021.
In August this year, Hong Kong's house prices fell to a low point in the seven months.The Zhongliang Bank expects that the price of luxury homes in Hong Kong will fall up to 5%this year, and will fall by about 5%in 2024.
