Property News · January 12, 2021

Hong Kong shop owners seek higher prices after scrapping of double stamp duty


Hong Kong shop owners are more likely to stand firm on asking prices, as they expect investors to flood the market after the city scrapped the double stamp duty for non-residential property, investors and property agents said.Buyers are also willing to settle at higher price points since their total expense will still be lower than before the duty reverted to its original rates on November 26 last year, said Dennis Cheng Tak-ming, a senior sales director at Ricacorp (CIR) Properties.The Double…

Source : South China Morning Post
Read more…Hong Kong shop owners seek higher prices after scrapping of double stamp duty

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