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  • CBRE’s Comments on the Hong Kong Government's Policy Address 2019

CBRE’s Comments on the Hong Kong SAR Government's Policy Address 2020

Hong Kong | November 25, 2020
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Hong Kong, November 25, 2020 – Marcos Chan, Head of Research, The Greater Bay Area and Hong Kong, CBRE: "The removal of the Double Stamp Duty comes in a time when the commercial property investment market needs a boost, halving the stamp duty for commercial property transaction will trigger more transactions in the short-term future, with end users expected to be more active.

Capital values, however, will be less likely to see a strong rebound until leasing demand picks up and rents begin to rise.

The Policy Address pays efforts to enhance Hong Kong’s livability and long-term competitiveness including initiatives to increase long-term land supply and deepen and broaden the city’s industry base.

The document offers limited additional support to individuals and corporates after making available HKD$300 billion of supportive measures from earlier in the year. This combined with the fast escalation in the number of confirmed COVID-19 cases, people flow across the border is set to remain limited and unemployment rate is set to climb higher in the next few months."

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Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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