As fiscal income from land sales evaporates, Hong Kong is removing all of its onerous property cooling measures that have been in place for over a decade. The government is making an audacious attempt to restore normalcy to a market that has come to a standstill. It’s showing the world what a true financial center should be.

From now on, foreigners wishing to buy Hong Kong property no longer have to pay the extra stamp duty. Nor do wealthy people who want to own multiple homes — the death of 28-year-old socialite and model Abby Choi put the spotlight on the controversial housing policy. Meanwhile, Hong Kong's central bank eased mortgage rules and lowered loan-to-value ratios in a coordinated move with its fiscal peers.

QOSHE - Hong Kong Races to Find Its Property Market Bottom - Shuli Ren
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Hong Kong Races to Find Its Property Market Bottom

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28.02.2024

As fiscal income from land sales evaporates, Hong Kong is removing all of its onerous property cooling measures that have been in place for over a decade. The government is making an........

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