Hong Kong has scrapped its decade-old property cooling measures and reduced the usual incentives in its latest Budget, as the city aims to transform its economy and regain its global competitive edge.
In a bold move, Hong Kong scrapped all of its decade-old property cooling measures and slashed the usually generous “sweeteners” in its latest Budget , as the city focuses on transforming its economy and reviving its global competitive edge.
Plans to deepen innovation and technology, attract tourist and investment dollars as well as prioritise spending on new sectors are, collectively, a clear pivot from previous years’ Budgets to address.
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Hong Kong Property Cooling Measures Budget Economy Innovation Technology Tourism Investment