Ye Liu Shuyi, the convener of the Executive Council, proposed yesterday that the government could consider waiving the "buyer's stamp duty" (BSD) that mainland buyers need to pay, which will affect real estate stocks at any time. NDP proposal.
Tian Beichen, a member of the Legislative Council of the Real Politics Roundtable, said today (10th) that the buyer's stamp duty was originally set up to curb speculation, and today the issue of property speculation has not been resolved. The problem", I have tried to support the market with property prices in the past, and the sequelae are very serious, and I cannot forget the painful lesson.
Said the government needs to attract talents to develop in Hong Kong
Tian Beichen posted on Facebook today (10th) that someone recently proposed to waive stamp duty for non-local resident buyers. He believes that anyone can make policy suggestions, but the concept must be clear. He asked: "Relief for non-local resident buyers. What is the rationale for stamp duty? Is it to boost the economy or attract talent?”
He pointed out that the clear policy purpose of setting up this tax at that time was to curb speculation, but today the problem of property speculation has not been resolved.
He pointed out that Hong Kong has not tried to use property prices to support the market, and the sequelae are very serious, and these painful lessons cannot be forgotten.
Tian Beichen also pointed out that the brain drain is obviously a current problem, and the government needs to study various aspects to solve it. Since the buyer's stamp duty is to deal with speculators, not talents who intend to come to Hong Kong for development, how to distinguish between the two is where we can discuss.
For example, he pointed out that gifted talents who meet certain conditions can be exempted from buyer's stamp duty, but sales are prohibited for 10 years. "Is it possible to prevent speculation without affecting real users developing in Hong Kong?" He believes that the lock-up period is too long. The long term may deter buyers, but in order to attract talents developing in Hong Kong, the term should be longer rather than shorter.
The Liberal Party intends to abolish the honorary chairman Tian Beijun, Zhou Liang and other three veterans to quit the party and criticize the property market. Clarify that it belongs to the NDP proposal