He unveiled a series of measures to consolidate growth and increase Hong Kong's global competitiveness, including the much-anticipated measures to bolster the property market. Hong Kong will cancel all demand-side management measures for residential properties with immediate effect, Chan said, adding t...
In January 2024, Hong Kong's property prices hit a seven-year low, with the property transaction volume and the number of mortgages reaching near-historic lows. The market's subdued performance was attributed to low market confidence, high-interest rates, and the impact of previous property stam...
He cited the latest Standard & Poor's rating for Hong Kong, which showed a stable outlook on the city amid steady economic recovery, stabilized property market and a trend for more balanced fiscal situation. While different sectors still saw uneven recovery, Chan said that the HKSAR government ...
A bill introducing a patent box tax incentive in Hong Kong would be introduced into the Legislative Council in the first half of 2024. The proposed incentive would allow eligible intellectual property (IP) income derived from eligible IP assets that are patents or patent-like to be taxed at a...
Population aged 15 and over in Housing Market Area Educational attainment (highest level attended) Working population in Hong Kong Composition of working population by occupation Composition of working population by industry Monthly income from main employment of working population(excluding foreign do...
the PropertyGuru Asia Property Awards amplify their impact on the millions of property seekers seeking to live, work, and thrive in tomorrow's cities. Congratulations to all the awardees from the bustling megalopolises of the Mainland to the vibrant economic hubs ...
“We have been keeping a close watch on the residential property market. After prudent consideration of the overall current situation, we decide to cancel all demand-side management measures for residential properties with immediate effect, that is, no SSD, BSD or NRSD needs to be paid for any...
This newsletter will delve into the specifics of these proposed tax changes and their implications for businesses. By understanding these amendments, businesses can better navigate the evolving tax environment and optimize their financial strategies related to the propert...
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“We are pleased to see the Government continue to enrichoffshore RMB business. To further enhance Hong Kong’s status as a global hub for offshore RMB business, we suggesthalving the stamp duty rate on RMB counter stock tradingto 0.05% for three years to promote market transactions and ...