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In Depth: Will Hong Kong’s Tax Tweaks End Its Real Estate Slump?

By Wen Simin and Guo Xin
2023年12月05日 20:48
Despite a recovery in sales of new homes, capital continues to flee financial hub’s property sector in favor of safer bets like fixed deposits
Hong Kong’s home prices have made it one of the least affordable cities in the world. Photo: VCG

Rescue measures intended to coax mainland Chinese to buy residential property in Hong Kong have failed to woo, as the financial hub’s property market slump deepens.

It comes six weeks after Hong Kong Chief Executive John Lee Ka-chiu tweaked official housing policy, lowering purchase duties and weakening disincentives against quick resales.

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