Property News · July 12, 2017

Hong Kong’s stamp duty is beating the wrong heads and does nothing to lower property prices


Investments at home and from abroad for residential properties in Hong Kong showed no sign of slowing as the government’s revenue from extra stamp duty aimed to cool the market rose to a seven-month high of HK$3 billion last month … — SCMP Business, July 12
Let’s get rid of one misperception right away – this business of “and from abroad,” which has so many people believing that it is foreign speculators who are driving prices up.
In a letter to the editor…

Source : South China Morning Post
Read more…Hong Kong’s stamp duty is beating the wrong heads and does nothing to lower property prices

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