Property News · November 4, 2016

Hong Kong more than doubles property stamp duty to 15 per cent to cool overheating market


Hong Kong’s government has announced the latest round of property measures to cool off property investments by increasing the stamp duty on property transactions to 15 per cent across the board.
It will be raised from the previous range of between 4.25 per cent and 8.5 per cent.
The measures apply to individual and corporate buyers effective on November 5.
Chief Executive Leung Chun-ying said the new round of measures are being implemented because home prices have risen at a faster pace…

Source : South China Morning Post
Read more…Hong Kong more than doubles property stamp duty to 15 per cent to cool overheating market

You may also like...