減少稅金‧善用公帑‧簡政便民 Lower Tax‧Less Waste‧Efficiency Government
Mypaper@Protesters want HK property curbs to go(08-07-2013)
THOUSANDS of real-estate agents and industry workers marched in Hong Kong yesterday, calling on the government to lift measures it has put in place to curb home prices in the world's most expensive housing market.
"It's affecting everybody, not just the agents, it's affecting the economy," said Mr Denys Kwan, a protest organiser and former president of the Society of Hong Kong Real Estate Agents. "Stop it, stop it right now."
Property transactions in the city plunged to a two-decade low in the second quarter, in response to a doubling of stamp duties on buyers and sellers, and tightened regulations on marketing material of new apartments.
About a third of Hong Kong's property agents may lose their jobs over the next year if the government persists with its real-estate curbs, according to Midland Holdings, the city's only listed realtor.
Home prices have more than doubled since early 2009 on an influx of mainland Chinese buyers, near record-low interest rates and a lack of new supply, prompting the government to introduce a raft of measures to quell concerns of an asset bubble.
Since taking over last July, Hong Kong Chief Executive Leung Chun Ying has imposed extra taxes on non-resident home buyers, doubled the stamp duty on all property transactions, raised minimum mortgage down-payment requirements, and sped up the approval process of new home-sales permits for developers.
As many as 5,500 people participated in the protest, the Hong Kong Police Force said.
Momentum 107 was established in mid 2007. The aims of Momentum 107 are to defend lower tax, less waste and promote efficiency Government. The name, Momentum 107, is derived from article 107 of the Basic Law, the requirements of entry to the Hong Kong Government, fiscal balance and avoids deficits. In 2008, we registered as World Taxpayers Association members, the Hong Kong regional organizations, with 48 countries and regions worldwide 60 member organizations linked exchange.
The activities held include “Election of the top ten of government wastage policy”, “Oppose to the Mandatory Medical Fund” and so on. In addition, members will actively write articles, and launch the social actions to response Government to stop wasting. We welcome all the people join us as a supporter.