Kuade Real Estate Hua Guangyao: Easing stamp duty helps reduce housing costs and activate the property market.

William Wong, Vice Chairman and Executive Director of Wai Tak Lung Real Estate, expressed his welcome to the Hong Kong budget for easing the stamp duty based on value, reducing property acquisition costs, and helping more young people and households to own a car, as well as promoting the property ladder and activating the property exchange chain. The group's diversified and high-quality projects will benefit from this. William Wong pointed out that the announcement of the Hong Kong budget will accelerate the development of the "Northern Metropolis Area," which will strengthen developers' confidence in investing in the "North City," and also accelerate the settlement of creative and emerging industries in the area, bringing more job opportunities, housing demand, and economic activities to the region. Wai Tak Lung Real Estate has always been confident in the development of the "North City." The high-quality project near the Kwu Tung Station is expected to be launched this year, with the first phase involving 457 units. The group will leverage its experience in creating new communities to further promote the development of the "North City." In addition, the "Kai Tak Smart Green Collective Transport System" will be tendered within this year, which will comprehensively upgrade the supporting facilities in the area. The group has multiple high-quality projects in the area, which will benefit greatly from this key infrastructure project. The opening of the sports park will further enhance the potential of the area. The Hong Kong budget also considered redeveloping some commercial land for residential use. This will provide more high-quality residential land, helping young people and households to settle down, and making land use more flexible, to which the group welcomes. Furthermore, the Hong Kong budget also announced the "New Capital Investment Entrant Scheme," with over 880 applications received so far, expected to bring in more than 26 billion in investment. The Hong Kong government will soon introduce a series of optimization measures to provide greater flexibility for the scheme, which will help attract high net worth individuals, businesses, and talents to invest in Hong Kong, thereby driving the luxury housing and property investment market. The budget also reduces salaries tax, personal income tax, and capital gains tax, which will alleviate the burden of citizens and facilitate investment by companies, promoting economic development and consumption.