Research on the Impact of Hong Kong Property Stamp Duty Adjustments on the Real Estate Market in the Post-COVID Era
Yusan Jiang ()
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Yusan Jiang: Fukien Secondary School
A chapter in Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025), 2025, pp 1128-1136 from Springer
Abstract:
Abstract After COVID-19, the Hong Kong real estate market faces numerous challenges and opportunities. This study examines the impact of the adjustments of Hong Kong’s property stamp duty on the real estate market, focusing on the effects of policy changes on housebuyer costs, market transaction volume, and property price. The study found that the stamp duty adjustments significantly reduce the cost of purchasing property, stimulate market transaction volume in the short term, and have a certain impact on the real estate market price. However, in the long run, the policy effects are gradually diminished, and the stability of property prices still depends on economic fundamentals and supply-demand dynamics. Additionally, the limitations on policy implementation may also lead to issues, such as competition from external capital and the allocation of public housing resources. This study provides the theoretical basis for government to optimize policy and enriches the related research in the field of real estate economics.
Keywords: Real Estate; Stamp Duty; Post-COVID Era (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-874-5_129
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DOI: 10.2991/978-94-6463-874-5_129
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