Past Events

According to Financial Secretary John Tsang, the expanding asset bubble was threatening to damage the macro economy and stability of Hong Kong’s financial system. In an attempt to stabilize the property market, new measures were introduced in February to narrow the supply-demand gap and reduce speculative activities. These include the increase of stamp duty from $100 to 1.5% for properties under HK$2 million, and doubling the stamp duty for other properties.For insights into the short- and long-term outlook of the region’s residential and office property markets, Thomas Lam, Director, Head of Research and Consultancy, Greater China, Knight Frank Petty Limited,and Tommy Lam, Director of Commercial Agency, Knight Frank Hong Kong, share their views on the property markets.

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