A man walks stands near residential property advertisements displayed in To Kwa Wan on October 7, 2022. Photo: SCMP/ Edmond So
A man walks stands near residential property advertisements displayed in To Kwa Wan on October 7, 2022. Photo: SCMP/ Edmond So

Hong Kong developers lobby government to end cooling measures, protect homeowners from negative equity amid price slump

  • The Real Estate Developers Association is lobbying the government to lift stamp duties imposed as a cooling measure when the market was much hotter
  • The number of homes valued below their mortgage loan amount remains small, and analysts do not expect a massive increase soon

A man walks stands near residential property advertisements displayed in To Kwa Wan on October 7, 2022. Photo: SCMP/ Edmond So
A man walks stands near residential property advertisements displayed in To Kwa Wan on October 7, 2022. Photo: SCMP/ Edmond So
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