瑞银：上调1亿元以上住宅印花税对豪宅发展商不利，估港府房策立场已转为更中性或略带负面，看好房托

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《预算案》提出将在2026/27财政年度推出九幅住宅用地出售，可兴建22,000个单位。瑞银发布研报称，港府昨日(25日)公布新一份《财政预算案》，与市场预期相反，当中并未推出任何对住宅市场正面刺激措施，例如放宽强积金置业或削减印花税，反而宣布将价值超过1亿港元的住宅物业交易印花税，由4.25%上调至6.5%；预计该举措对豪宅发展商不利。在瑞银涵盖的股份中，持有最多香港超豪华住宅物业，占其资产...

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It is estimated that the Hong Kong government's housing policy stance has turned more neutral or slightly negative, and it is optimistic about real estate trusts","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00017":0.9},"content_text":"《预算案》提出将在2026/27财政年度推出九幅住宅用地出售，可兴建22,000个单位。瑞银发布研报称，港府昨日(25日)公布新一份《财政预算案》，与市场预期相反，当中并未推出任何对住宅市场正面刺激措施，例如放宽强积金置业或削减印花税，反而宣布将价值超过1亿港元的住宅物业交易印花税，由4.25%上调至6.5%；预计该举措对豪宅发展商不利。在瑞银涵盖的股份中， 持有最多香港超豪华住宅物业，占其资产净值17%，其次是 占6%、 占4%和 占2%。因上述措施是自2018年(建议推出空置税)以来首次提出的收紧措施，瑞银将此解读为，香港政府对房地产市场的政策立场已从支持转为更中性，或略带负面。考虑到本港财政状况仍然紧张，预计政府或推出更多土地招标以回收现金，当中或会限制住宅价格的长期上升空间。并预计港府将于本年度第三季的《施政报告》中对公共房屋租置计划有进一步更新。此外，《预算案》提出将在2026/27财政年度推出九幅住宅用地出售，可兴建22,000个单位。瑞银认为，在住宅市场疲弱时，政府会放慢卖地步伐；但若市场强劲复苏，卖地步伐或会加快。但鉴于北部都会区可供出售的土地储备充足，住宅价格急剧反弹的可能性似乎较低。而《预算案》重申推动房托互联互通的承诺，亦将提出修订条例草案，以便利房地产信托基金进行私有化或重组；并对于寻求上市的房地产信托基金，在注入非住宅物业时将获豁免印花税。瑞银预计，有关措施将对 和 轻微利好。该行认为《预算案》对房托有利。瑞银继续看好 ，认为风险回报吸引， 股息率约7%，租户销售及续租租金今年下半年有望逐渐改善，以及潜在基金单位回购。相反，该行料本港地产股或面对投资者锁定利润活动，在本年至今开局强劲后或跑输大市。编辑/doris","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2614205026","isCrawlerRequest":true}