Hong Kong should further ease its rules for wealthy investors who want to live in the city and allow property stamp duties to be paid after buyers move into homes, says Midland Holdings (1200) chairman Freddie Wong Kin-yip.

He believes this would help stimulate home sales and boost the economy without reigniting market speculation, pointing out that the removal of stamp duties and lower interest rates have not caused a surge in speculative activity.

Under the New Capital Investment Entrant Scheme launched last year, well-heeled investors and their families who invest HK$30 million in the city are granted residency on a fast frack basis.

The government has now relaxed the investment-migrant scheme as it is known with a host of eased rules set to kick in this March.