Property News · November 8, 2016

Investors in Hong Kong eye the commercial market to avoid increased stamp duty on homes


Investors in Hong Kong are accelerating the pace of their commercial property disposals, which have been unaffected by the recent adjustment in stamp duty to 15 per cent on deals for non first-time home buyers, as buying demand will shift away from the housing market.
In less than a week after the new duty took effect, retail and office assets worth more than HK$1 billion have been offered for tender.
Investor Lai Wing-to, who owns dozens of retail properties, believes the commercial sector…

Source : South China Morning Post
Read more…Investors in Hong Kong eye the commercial market to avoid increased stamp duty on homes

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