Property News · March 21, 2017

How stamp duty on pre-sold units is inflating Hong Kong house prices


Home prices in Hong Kong soared late last year, to the surprise of many, after falling by about 4 per cent between 2015 and 2016. Developers quickly pushed large numbers of pre-sale units onto the market at very high markups.
The government responded quickly by slapping on an additional punitive stamp duty in a bid to cool down what was perceived as renewed speculative fervour.
This was a mistake. There are no speculators or short- or medium-term investors in the property market anymore, only…

Source : South China Morning Post
Read more…How stamp duty on pre-sold units is inflating Hong Kong house prices

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