• 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

    Find out why 9,500+ construction businesses use Procore’s all-in-one platform to connect project teams, drive quality and safety, and achieve real-time visibility over their projects.


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

     
    Gallery

    no images were found