HK Govt - Stamp Duty, Land Sales & Other Revenue Stats

[ndt]

Sorry ... Moved out the original post by NDT to a new thread.. as it seems there are a few more revenue shortfalls... https://geoexpat.com/forum/155/thread365722.html



Somewhat apt to the title of the thread.. A 13 bagholder's task force to boost and lift the liquidity of HSI, expecting one certain suggestion among 15 other random arrows, flip-flop on stamp duty increase implemented couple of years ago..


https://www.thestandard.com.hk/secti...ock-boost-team

[freeier]

nothing about liquidity i guess. more the fact that hsi is down the drain ? haha

[shri]

nothing about liquidity i guess. more the fact that hsi is down the drain ? haha

Liquids go down the drain a lot easier than solid shit ...

[shri]

The Standard had this ..

Since April, only a government lot has been sold. The Kennedy Town site was sold to Wheelock Properties for HK$1.72 billion - a 21-year low for a plot on Hong Kong Island.

Together with land premium income from two applications, Chan has secured just HK$3.38 billion from land.

This compares poorly with the land premium income of HK$19 billion for the same period last year.

https://www.thestandard.com.hk/secti...ion/17/255601/

Partially verified here .. Am looking for stamp duty collection number YTD compared to same period last year ... IRD does not have comparision numbers and too lazy to pull up a note pad.



https://www.landsd.gov.hk/en/resourc...e-records.html

[ndt]

Bonds are new Lands..

Expect the cap to revise to 500B by 2025 and problem solved, obviously everything will be luscious green in Lantau Tomorrow and Northern Metropolis..

On 15 November 2018, the Legislative Council passed a Resolution (i.e. Cap 61F) under section 3 of the Loans Ordinance (Chapter 61 of the Laws of Hong Kong) authorising the HKSAR Government to borrow up to a maximum principal amount outstanding at any time of HK$100 billion or equivalent under the GGB Programme.

Subsequently, the Financial Secretary announced in the 2021-22 Budget the plan to double the borrowing ceiling of the GGB Programme to HK$200 billion to allow for more room for piloting the issuance of green bonds that involve more types of currencies, project types and issuance channels, thereby further enriching the green finance ecosystem in Hong Kong.

https://www.hkgb.gov.hk/en/greenbond...roduction.html

[moctapxe]

Is what happens when unqualified person is in charge and not for Hong Kong.

[JAherbert]

The Standard had this ..

https://www.thestandard.com.hk/secti...ion/17/255601/

Partially verified here .. Am looking for stamp duty collection number YTD compared to same period last year ... IRD does not have comparision numbers and too lazy to pull up a note pad.

I guess those reserve valuations are too high because local officials repeatedly ignored the fact that the ass fell out of the local property market, inflation and lack of labour (if you believe that) will increase construction costs, so developers are not willing to take risk, lending at higher interest rates, unless they can get can at least 50% profit margin

[shri]

I guess those reserve valuations are too high because local officials repeatedly ignored the fact that the ass fell out of the local property market, inflation and lack of labour (if you believe that) will increase construction costs, so developers are not willing to take risk, lending at higher interest rates, unless they can get can at least 50% profit margin

The PDF suggests they did not even bother to put land up for action..

[JAherbert]

Bonds are new Lands..

Expect the cap to revise to 500B by 2025 and problem solved, obviously everything will be luscious green in Lantau Tomorrow and Northern Metropolis..



https://www.hkgb.gov.hk/en/greenbond...roduction.html

I understand that the waste incinerator on/near Shek Kwu Chau island was somehow defined as "green" lol

[East_coast]

The PDF suggests they did not even bother to put land up for action..

There is a shortage of land released