The Financial Secretary of the Hong Kong Special Administrative Region announced the 2025/26 fiscal budget on February 26, 2025, outlining a series of measures to expediate the city's economic development and optimize fiscal resources. Announcements related to real estate include:
- Promoting the development of AI, I&T, and tourism
- Continuing to attract overseas talent and students
- Stabilizing housing and land supply
- Further relaxing residential stamp duty
- Suspend the rolling out of commercial sites for sale in the coming one year, while considering to rezone some commercial sites into residential use
- Adopting an innovative and diversified land development approach in the Northern Metropolis
Cushman & Wakefield believes that the newly announced policies and measures help can help stimulate Hong Kong’s economy, while also bringing opportunities to the city’s real estate markets and meeting local housing demand. We look forward to the high-quality economic development of Hong Kong, which is expected to be led by innovative and diversified industries in the city.
