Demand-side Management Measures for Residential Properties

The Government strives to maintain the healthy and steady development of the property market. In the past, against the backdrop of tight housing supply and solid demand for property purchase, the Government had since 2010 introduced several rounds of demand-side management measures, including Special Stamp Duty, Buyer’s Stamp Duty and New Residential Stamp Duty, so as to curb short-term speculation activities and reduce external demand, thereby stabilising the property market and according priority to the home ownership needs of the people of Hong Kong. Subsequently, with the gradual improvements in the housing demand-supply situation, having considered the overall economic situation, the Government has abolished all demand-side management measures with effect from 28 February 2024. Please refer to the website of the Inland Revenue Department for details. The Government will continue to closely monitor the residential property market situation, and take appropriate measures as and when necessary in response to market changes.