Dec 06, 2023 09:00 AM

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CX Daily: Will Hong Kong’s Tax Tweaks End Its Real Estate Slump?

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Hong Kong /

In Depth: Will Hong Kong’s tax tweaks end its real estate slump?

Rescue measures intended to coax mainland Chinese to purchase residential property in Hong Kong have failed to woo buyers, as the financial hub’s property market slump deepens.

It comes six weeks after Hong Kong Chief Executive John Lee Ka-chiu tweaked official housing policy, lowering purchase duties and weakening disincentives against quick resales.

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