The Hong Kong economy is growing between 4% and 5% this year, Financial Secretary John Tsang said in its annual budget speech.
Gross domestic product (GDP) fell 2.7% in 2009, much less than the 3.3% contraction of the territorial government had recently predicted in November.
The Hong Kong economy, which relies on the financial sector and exports, hit by the global economic crisis.
According to the recession in the second quarter of last year.
The economy grew by 2.3% in the fourth quarter in the last quarter of 2009, Mr Donald Tsang.
But he warned that significant risks remain, including the possibility of a housing bubble, prices have increased significantly in recent years.
Donald Tsang also announced that taxes will increase with the most expensive home for the first time since 1999.
Stamp duty on luxury homes - which cost more than 20 million U.S. dollars in Hong Kong U.S. dollars ($ 2,57 m, 1,67 m) - will rise to 4.25% from the current 3.75%.
Extraction 29% increase in house prices - for buyers of the People's Republic of China - have voiced concerns that rising prices have risen too fast.
While the local property market is still in fairly good health, we must not forget the increased risk of bubble in real estate development with the rest of the world economy, said Mr Donald Tsang.
However, the windfall revenue from the sale of houses has increased in public finance in Hong Kong in the last financial year increased.
