Financial Secretary: Government has no intention of relaxing the three property market cooling measures SSD, DSD and BSD
減辣？
The Financial Secretary said in a blog post that the HKSAR Government has no intention of relaxing the three property market cooling measures, namely the Special Stamp Duty (SSD), the Double Stamp Duty (DSD) and the Buyer's Stamp Duty (BSD), as members of the public still face difficulties in purchasing homes. He said that, without affecting the risk of the banking system, the Government would explore solutions for first-time buyers who are capable of servicing a mortgage but lack sufficient down payments, and would conduct continuous dynamic assessments taking into account property prices, transaction volumes, residential supply and the overall economic situation, without setting a rigid deadline.
The blog post breaks down the policy objectives of each of the three property market cooling measures and sets out four factors to be assessed when considering relaxing mortgage rules, allowing readers to compare and understand the Government's stance.
Source: 財政司司長網誌 · fso.gov.hk