Hong Kong is axing all extra stamp duties from Wednesday onwards in a bid to revive the city’s housing market, finance chief Paul Chan has said following pressure to lift long-standing property cooling measures. “After prudent consideration of the overall current situation, we decide to cancel all demand side management measures for residential properties with immediate effect, that is, no Special Stamp Duty, Buyer’s Stamp Duty, or New Residential Stamp Duty needs to be paid for any residential property transactions starting from today,” Chan said in Cantonese as he delivered his annual Budget…