On February 28, Hong Kong announced the withdrawal of all residential property demand-side management measures, theAll residential property transactions are no longer subject to SSD, BSD and NSD.The

Since the Hong Kong property market "withdrawal of spicy" since, so far, has been a month, Hong Kong local new property transactions rose significantly. Data show that the volume of first-hand new property transactions exceeded4,000 casesBefore the withdrawal of the "Spice".It's gone up 14 times.. Average of 50 Indicator Second-hand Properties in Hong Kong60 transactions per weekOne-month turnoverIt's gone up by about1.75 timesThe

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One month of "withdrawal"

What is happening in the Hong Kong property market?

In the first two weeks after Hong Kong's "withdrawal of spices", the property market continued to heat up. In less than 10 days, Hong Kong's first-hand property market has recorded a recordOver 1,500 transactions. Both primary and secondary property markets, the Hong Kong housing market has remained buoyant and hot.

After the "withdrawal of spices", a lot ofMainland investors also come to Hong Kong to buy propertiesSome mainland customers even bought nine units at a stroke for about HK$45 million, for renting out and waiting for appreciation in value.

It is reported that not only are there customers from Shenzhen and Guangzhou coming to Hong Kong by high-speed rail and train, but there are also mainland customers from Beijing, Shanghai, Fujian and Zhejiang coming by plane to join the ranks of investment property buyers.

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Hong Kong Real Estate

Advantages go far beyond low taxes

This withdrawal of the Spicy Policy can be regarded as a blessing for the local property market in Hong Kong after a long drought. Regardless of whether or not they have obtained permanent residence, holders of Hong Kong status can benefit from the policy when purchasing a home, thus alleviating the pressure on their capital.

Permanent residents:under the implementation of the New Deal for the Withdrawal of Chilli.Hong Kong permanent residents can enjoy the same tax relief when purchasing a second propertyIn addition, flat exchange groups can buy uncompleted flats before selling their old flats, revitalizing the exchange chain.

Non-permanent residents:A suite in Hong Kong costs at least $10 million. This time, the Hong Kong Government has completely abolished the SSD, Buyer's Stamp Duty (BSD) and Stamp Duty on New Residential Properties (SSDNR), and for non-permanent Hong Kong residents who have just arrived in Hong Kong for a short period of time, the group ofIt's like buying a house and saving $3 million in taxes., power is naturally much higher.

All in all, the policy of "removing the spices" is very favourable to those who already hold Hong Kong status and those who have come to Hong Kong under the various talent admission schemes.

As an international financial center, Hong Kong is the gateway between the Mainland and the world."Supercontact"inBusiness, investmentand so on are uniquely suited toFunds are free to come and go, and the tax rate is low and simple.

Hong Kong status also offers very important advantages in the field of education.Children can easily enroll in top Mainland universities through the Joint Entrance Examination for Overseas Chinese Students (JEE), or get through to prestigious Mainland/Hong Kong/overseas schools through the DSE examination, paving a broad path for their future development.

Having a Hong Kong identity is essential for those who plan to develop and invest in Hong Kong for a long time. If you want to further