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Bangkok Post
Bangkok Post
Business

Hong Kong eyes property tax cut, visa moves to reverse Covid brain drain

Real estate agents distribute leaflets for the One Innovale - Bellevue residential project in Hong Kong, China, on Oct 1, 2022. The project priced its first batch of apartments 9% lower than the nearby second-hand homes in New Territories, about 25 miles from the Central financial district. (Bloomberg photo)

Hong Kong is considering easing property taxes and visa restrictions as authorities seek to curb a pandemic brain drain that’s threatened the city’s status as an international financial hub.

Chief Executive John Lee could include the measures in his maiden policy address later this month, according to people familiar with the matter, who asked not to be identified because the deliberations are private. 

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