Real Estate

Hong Kong property prices won’t rise quickly as measures are relaxed


Residential buildings in Hong Kong, China on October 23, 2023.

Vernon Yuen | Nurphoto | Getty Images

Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the private housing sector.

“Although relaxation of property restrictions was highly anticipated, the BSD [buyers’ stamp duty] cut from 15.0% to 7.5% surprised us; the other relaxations were in-line,” Citi’s Ken Yeung wrote in a note.

He doesn’t expect the move to reverse downward trend in Hong Kong’s property prices as interest rates remain high.

According to data from real estate…


0 0 votes
Article Rating

Tech stocks suffer steep two-day drop after Google, Meta earnings

Previous article

Intel (INTC) earnings report Q3 2023

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate