A residential building under construction in Hong Kong, with Lion Rock in the background, on October 11, 2022. Photo: Dickson Lee
A residential building under construction in Hong Kong, with Lion Rock in the background, on October 11, 2022. Photo: Dickson Lee

Hong Kong property market not expected to get big boost from stamp duty change, industry pins hopes on 2023 budget

  • Analysts doubt a tax-refund incentive announced by the chief executive in his policy address will do much to revive demand
  • Next year’s budget speech could yield further easing policies if home prices fall 15 per cent, they say

A residential building under construction in Hong Kong, with Lion Rock in the background, on October 11, 2022. Photo: Dickson Lee
A residential building under construction in Hong Kong, with Lion Rock in the background, on October 11, 2022. Photo: Dickson Lee
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