Property News · December 12, 2018

IMF endorses Hong Kong’s wait-and-see housing policies as property prices have room to fall


The International Monetary Fund (IMF) has endorsed the Hong Kong government’s wait-and-see stance before taking any further actions to offset the risk of a fall in housing prices.
In particular, the IMF said that the government policies to moderate housing prices, including the stamp duty on new home purchases, should remain in place for now, and only be phased out when the risk of a further rise in housing prices has dissipated.
Hong Kong first implemented a stamp duty in 2010 to slow…

Source : South China Morning Post
Read more…IMF endorses Hong Kong’s wait-and-see housing policies as property prices have room to fall

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