After the new fiscal budget of Hong Kong announced the full cancellation of the cooling measures of the property market, Chen Maobo, the director of the Finance Department, reiterated that if the Hong Kong property market has an overly hot phenomenon, the Hong Kong Government can adjust the measures at any time.
Comprehensive Hong Kong Sing Tao Daily reported that Chen Maobo said on the radio program on the morning on Saturday (March 2) that in the past year's geopolitical tension, and the outside world has continued to "sing" Hong Kong,The flow of funds has made the property market pessimistic.The reason why the Hong Kong government introduced the "spicy trick" was the fierce stir of the property market, and the supply should cause the property prices to rise sharply, but the situation has changed now.
He expressed his hope that "withdrawal" can create an environment, and "I hope everyone does not need to be excessively enlarged and pessimistic."He believes that there are cycles, high or low in the real estate market, but no matter what the situation in the property market in Hong Kong, the Hong Kong government will continue to build land.
Chen Maobo mentioned that Hong Kong's economy is expected to continue to grow this year, and the interest rate will decrease.Although the economic growth may be variable, the general direction will continue to improve, and the asset market will also have a corresponding response.
He also emphasized that if the Hong Kong property market is invalid and overly hot again, the Hong Kong government can take any measures at any time, such as the introduction of vacant taxes in extreme conditions.However, he believes that there is no need at present, and there is no hard indicator of vacant taxes, and the market situation will be closely monitored.
