Changes in Stock Stamp Duty Concerns for Investors:
Stock stamp duty increased from 0.1% to 0.13% on August 1, 2021.
On October 25, 2023, the stock stamp duty was announced to be reduced from 0.13% to 0.1% and will be enacted at the end of November.
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Additional Stamp Duty for Real Estate:
The sale or transfer of residential property over 3 years of age or more is exempt from additional stamp duty.
After the announcement of the policy report:
Residential properties sold or transferred for 2 years or more are exempt from paying an additional 10% stamp duty.
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We believe that the announcement did not provide much stimulus to the stock and property markets.
Stocks aren't used to hype, houses aren't used to hype. Faced with the latest policy report, $Hang Seng Index (800000.HK)$ and $Hang Seng TECH Index (800700.HK)$ Will the trend help?
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Large property stocks in Hong Kong: $CK ASSET (01113.HK)$ ， $SINO LAND (00083.HK)$ ， $SHK PPT (00016.HK)$ ， $NEW WORLD DEV (00017.HK)$ , Would it be helpful for this type of large real estate stocks? Research should be done on the feedback of real estate agents in the past.
The Prince considers the policy report to be lenient and will not be $HKEX (00388.HK)$ , Hong Kong real estate agent price band...