---
title: "Hong Kong Stock Market Update: Four Seas International surged over 14%, completely revoking the \"tough measures\" in the property market, leading to a significant surge in the heat of the Hong Kong property market."
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/109209301.md"
description: "Four Seas International surged more than 14%, closing at a 14.71% increase, reaching HKD 1.95 with a turnover of HKD 6.25 million. On the news front, on February 28th, Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, announced the 2024-2025 fiscal budget in the Legislative Council. It was pointed out that with immediate effect, all residential property transactions in Hong Kong will no longer require additional stamp duties such as Special Stamp Duty (SSD), Buyer's Stamp Duty (BSD), and New Residential Stamp Duty (NRSD). Analysts in the industry believe that the comprehensive removal of these measures will significantly reduce transaction costs and holding costs, stimulating an increase in property transactions in the Hong Kong market. In the short term, the property market is expected to stabilize and boost market confidence. However, constrained by interest rate factors, solely relying on the removal of these measures may not be enough to reverse the downward trend. It will require interest rate cuts and economic recovery. At least until early next year, property prices are expected to rebound."
datetime: "2024-03-05T02:10:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/109209301.md)
  - [en](https://longbridge.com/en/news/109209301.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/109209301.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/109209301.md) | [English](https://longbridge.com/en/news/109209301.md)


# Hong Kong Stock Market Update: Four Seas International surged over 14%, completely revoking the "tough measures" in the property market, leading to a significant surge in the heat of the Hong Kong property market.

Zhitong App learned that Four Seas International (00120) surged over 14%, rising by 14.71% as of the time of publication, reaching HKD 1.95 with a turnover of HKD 6.25 million.

On the news front, on February 28th, Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, announced the "2024-2025 Budget" at the Legislative Council. It was pointed out that with immediate effect, all residential property transactions in Hong Kong will no longer require additional stamp duties such as Special Stamp Duty (SSD), Buyer's Stamp Duty (BSD), and New Residential Stamp Duty (NRSD).

Industry experts believe that the comprehensive removal of these property cooling measures will significantly reduce transaction costs and holding costs, stimulating an increase in property transactions in the Hong Kong market. In the short term, the property market is expected to stabilize and regain momentum, boosting market confidence. However, constrained by interest rate factors, solely relying on the removal of these measures may not be enough to reverse the downward trend. It will require interest rate cuts and economic recovery. At least until the beginning of next year, property prices are expected to rebound.

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