Demand-side Management Measures

To address the overheated property market, the Government has introduced several rounds of demand-side management measures, including Special Stamp Duty (November 2010 and October 2012), Buyer's Stamp Duty (October 2012), a doubled ad valorem stamp duty (February 2013), and the new residential stamp duty (November 2016). These measures aim to prevent further exuberance in the housing market which may pose significant risks to our macroeconomic and financial stability, to ensure the healthy and stable development of the property market, which is crucial to the sustainable development of Hong Kong as a whole, and to accord priority to the home ownership for self-use needs of Hong Kong permanent residents in the midst of the present tight housing supply. For more details about the various stamp duties, please visit the website of the Inland Revenue Department.