Hong Kong: Stamp Duties Axed; Mortgage Rules Relaxed

Feb 28, 2024

∙ Paid

Hong Kong residential property prices declined 7% in 2023 and are down >20% from the 2021 peak in 2021. The average price of offices also declined ~7% in 2023.
Scrapping property cooling measures, such as the special stamp duty applied to homes resold within 24 months, have been rumoured, to push up housing prices.
In today's annual budget, we got those. And then some.

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