In an interview with Bloomberg, Ye Liu Shuyi, convener of the Executive Council and chairman of the New Democracy Party, said that it is possible to consider exempting double stamp duty for Chinese homebuyers, referring to mainland professionals who have been demanding that they be exempted from double stamp duty before obtaining the right of abode. "A range of measures under consideration," the government can certainly consider.
The Chief Secretary's Office responded in a statement that in response to reports that the government is considering relaxing the stamp duty on properties, the government clarified that there were no relevant discussions and made it clear that there were no relevant plans.
Li Zhenqiang: The hot property market needs to be reviewed
Leung Man-kwong, vice-chairman of the Legislative Council Housing Panel, said that the stability of the property market is more important than everything else. At present, Hong Kong and the mainland have not cleared customs, and the situation is uncertain.
He pointed out that if the double stamp duty for non-local residents is abolished, funds will undoubtedly flow into the Hong Kong property market, and the efforts for the stable development of the property market in the past will be in vain.
Li Zhenqiang, a member of the Legislative Council Housing Committee and the Liberal Party, said that he believed that Mrs. Ye's suggestion was to stabilize the property market and attract talents to stay in Hong Kong. He also pointed out that the hot property market has been implemented for a long time, and it is time to review.
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