Hong Kong's higher property prices fell more than 20 %, and the negative impact on the economy gradually emerged.The Hong Kong government announced on Wednesday that the additional restrictions on all residential property transactions were stimulated to stimulate the sluggish property market.However, scholars of interviewees believe that in recent years, the Hong Kong property market has performed a pool of dead water, and the official has now revoked the "hot recruitment" of the property market.
In 2019, the anti -repair routines in Hong Kong, and the crown disease epidemic in the next three years, forced the Hong Kong government to launch a series of benefit people's rescue measures for years, and a serious deficit appeared in the warehouse.Chen Maobo, the director of the Financial Secretary, announced on Wednesday (February 28) that the new year's fiscal budget predicts that the comprehensive deficit of 2023/24 years is 101.6 billion yuan (Hong Kong dollars, the same below, S $ 17.4 billion) fiscal reserves of only 733.2 billion yuan.Looking forward to the next year, the deficit of 2024/25 is expected to be 48.1 billion yuan, and the fiscal reserve will also drop to 685.1 billion yuan.
Faced with the severe issue of wealth and red, a new fiscal budget announced a number of throttle reasons. The size of the "candy" was reduced by about 11.5 billion yuan compared with last year.Among them, the three -year -old electronic consumer coupon will no longer be distributed this year.The upper limit of salary tax and profit tax refund is 3,000 yuan; the basis of the first quarter of the next year (the production tax) is reduced, and the upper limit of each household is 1,000 yuan.
In terms of open source, the fiscal budget suggests immediately increase the tax rate of cigarettes by nearly 30%; and restore the rent tax tax, the tax rate is 3%, and will be implemented on January 1 next year.
In addition, Hong Kong will continue to promote the global minimum tax rate scheme of the economic cooperation and development organizations, with a view to 2025, with annual total revenue of 750 million euros (S $ 1.092 billion) or above.The minimum tax rate in the world is expected to submit legislative suggestions in the second half of this year.The relevant plan starts from 2027/28, and is expected to bring about 15 billion yuan in taxation each year.
Chen Maobo also announced that all residential property transactions have not needed to pay additional stamp duty, buyer printing duty and new residential stamp duty, that is, the property market is fully "withdrawn".He said: "We believe that in the current economic and market conditions, relevant measures are not needed."
The sources of the Hong Kong Government believe that since the policy report was announced last year, there was no sign that the market became hot. The number of private buildings in January this year was about 3,500.It is lower than the average of more than 4,300 per month in the first half of last year.After considering the latest market situation, the official believes that the "spicy tricks" are no longer necessary, and they do not believe that there will be a lot of sales in the short term.
At the same time as the fiscal budget case, it is also announced that some city measures, including the Hong Kong Financial Administration, announced the suspension of the implementation of the residential mortgage test requirements, and adjust the upper limit of the mortgage of the self -use residential property 30 million yuan to Hong Kong dollars to70 % of the mortgage of the mortgage in the self -use residential property with a value of HK $ 35 million or more was adjusted to 60 %, and the upper limit of the mortgage per mortgage of residential properties increased from 60 % to 70 %.
The fiscal budget also announced that more event activities will be held in the future, including adding 1.095 billion yuan to the Tourism Development Bureau and the Tourism Affairs Department to organize activities to promote the tourism industry.Among them, the Travel Development Bureau will hold a monthly fireworks and drone performances, as well as "immersive depth tour" that promotes themes such as "urban strolling".
Due to the stimulus of the "withdrawal" of the "withdrawal" of the budget, many owners expect the property market to heat up, and the price increases or seals on Wednesday, of which the inverse price ranges from 80,000 to 500,000 yuan.
Chen Yongjie, Vice Chairman and President of the Housing Department of the Hong Kong Real Estate Intermediary Group, said that this year's fiscal budget responded to the market voice and will be fully revoked by the 14 -year property market.He believes that the second -hand housing market in Hong Kong will usher in the small Yangchun in the first quarter of this year, which is expected to increase by 70%in the quarter, and the property price will rise by 5%in the first half of the year.
However, Chen Weiqiang, a lecturer at the Hong Kong Specialized College of Hong Kong University of Technology, believes that in the United Zaobao interview, in the past two years, the Hong Kong property market has performed a pool of dead water. In addition, the government has not yet reduced interest rates. It is now too late to revoke the property market.Many citizens are worried that entering the market will become assets at this moment, and they still look at the attitude and may not rush into the market.
Chen Weiqiang said that this year's fiscal budget has no surprises and no highlights. Many grass -roots citizens are dissatisfied with the Hong Kong Government to reduce the restraint measures.Moreover, Hong Kong is facing economic structural issues, including the financial and real estate industries that have been relying on the financial and real estate industries. "There is no plan to change in the budget, and it is difficult to establish Hong Kong people's confidence in Hong Kong's prospects. This is a big problem."
