No incentives needed from Budget as Hong Kong property rebounds: Midland

No policies in the upcoming 2026-27 Budget are needed to support Hong Kong's property market, which has already rebounded from the bottom, with both prices and transactions expected to boom this year, said Midland Holdings (1200) chairman Freddie Wong Kin-yip.

He expected that the city's home prices would rise 10 percent in 2026, and the full-year transaction volume would reach 85,000, driven by small-sized and luxury properties.

Wong hoped the threshold of homes that are entitled to HK$100 stamp duty could be further relaxed in the Budget, and the use of Mandatory Provident Fund for property purchases could also be considered.

Due to shifts in consumption patterns and the prevalence of e-commerce, the retail and industrial property sector still needs time to absorb the impact to reach the support level of prices, he said.

Wong suggested that the government ease the limit of property investment toward the New Capital Investment Entrant Scheme and roll out more policies to support the retail sector.