(Macau Comprehensive News) The Macau government plans to cancel the special stamp duty, additional stamp duty and obtain stamp duty to promote the vitality of the local real estate market.However, the analysis believes that the stimulus of the Macau's "withdrawal" plan on the property market may not be as significant as Hong Kong.
"Spicy" is "spicy tricks". It is a common name for the Hong Kong and Macao governments to launch a series of policy measures to crack down on real estate speculation and inhibit excessive rising house prices.Beginning in 2010, in the context of the risk of real estate bubbles in Macau, Macau has successively released new property market regulations, including increasing stamp duty and tightening building mortgage.
Comprehensive Finance and Economics, Hong Kong Zhongtong News Agency, and Macau Daily reported that the Macau SAR Government announced last Friday (April 12) that the Executive Council has completed the policy plan for discussing the management measures of Macau Real Estate demand, as well as related tax measures.The bill, including the cancellation of the above -mentioned stamp duty, will be sent to the Legislative Council for emergency procedures.
Rong Guangliang, director of the Macau Finance Bureau, emphasized that the full withdrawal of spicyness should respond properly in specific market changes.Taking Hong Kong's full withdrawal as an example, he reflects that the government can release the purchasing power after the government's cancellation of demand management measures.
Tang Weile, the general manager of Macau and Zhuhai, welcomes the government withdrawal plans, but believes that the Macau economy is still weak. Passengers' recovery will only help a few industries.Some locals' demand for property changes may not be as stimulating to the property market as Hong Kong property market is as remarkable , it can only helpRelieve the downward pressure faced by property prices.
Macau statistics and census data show that since 2019, the transaction volume and prices of Macau's residential houses have entered a downlink channel. In 2023, there were 2879 sets of transactions, a decrease of 73%from 2018, and housing prices fell to each square meter per square meter.93,500 Macau (S $ 15812), a 13.7%compared to the peak period in 2018.
Macau has canceled some spicy tricks at the end of last year, but the sign of rebound in the property market is not obvious.In January of this year, about 263 transactions were recorded in the Macau residential market, which was lower than the average monthly month before the 2019 epidemic.
Mainland China is inclined to buyers buyers in the Macau market in Hong Kong will not increase greatly
Tang Weile said that the Macau property market will not have significant increase in mainland Chinese buyers like Hong Kong, because the mainlanders have always been involved in the Macau property market and still tend to be in Hong Kong.
Li Yujia, a researcher at the Guangdong Provincial Housing Policy Research Center, believes that the full withdrawal of the above three transaction taxes is conducive to reducing transaction costs, but the withdrawal effect may be weaker than Hong Kong.
Li Yujia analyzed that during the period of crown disease and after the epidemic, the Macau gaming industry and tourism industry were greatly affected, and it also dragged down real estate.After the exit of the spicy recruitment, based on the advantages of free in and out of funds, it will attract mainland talents and funds to buy a house in Macau; however, Hong Kong also has similar policies, and Hong Kong's advantages in industrial diversification and asset attraction are greater than Macau.
