• CBRE’s Comments on the Hong Kong SAR Government’s Policy Address 2020

    26 November 2020

    Marcos Chan, Head of Research, The Greater Bay Area & Hong Kong, CBRE, on The Chief Executive’s 2020 Policy Address.

    He said: “The removal of the Double Stamp Duty comes in a time when the commercial property investment market needs a boost, halving the stamp duty for commercial property transaction will trigger more transactions in the short-term future, with end users expected to be more active.

    Capital values, however, will be less likely to see a strong rebound until leasing demand picks up and rents begin to rise.

    The Policy Address pays efforts to enhance Hong Kong’s livability and long-term competitiveness including initiatives to increase long-term land supply and deepen and broaden the city’s industry base.

    The document offers limited additional support to individuals and corporates after making available HKD$300 billion of supportive measures from earlier in the year. This combined with the fast escalation in the number of confirmed COVID-19 cases, people flow across the border is set to remain limited and unemployment rate is set to climb higher in the next few months.”

    Video

    M+, The first global museum of contemporary visual culture in Asia, set to open at the end of 2021 in Hong Kong.


    This conference will explore the challenges surveyors have faced over the last year, sharing experiences and knowledge gained through the pandemic.

     
    Gallery

    no images were found