Property News · November 25, 2020

Hong Kong’s small businesses welcome scrapping of double stamp duty on commercial property


The scrapping of Hong Kong’s double stamp duty for non-residential property has been welcomed by the city’s small businesses.The move, announced by Chief Executive Carrie Lam Cheng Yuet-ngor during her policy address on Wednesday, will slash transaction costs for commercial real estate starting on Thursday.The scrapping is expected to help companies receive a fair price for their assets, as it will lower transaction costs. The move will effectively “lure buyers back to the market”, Simon Wong,…

Source : South China Morning Post
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