Hong Kong’s recently announced tax relaxation will attract more property buyers and encourage upgrades in the primary market, reviving sales in the ailing pre-owned residential sector, according to analysts.
St Barths, the first residential project sale in 2018, sold out its 118 flats on the weekend, partly driven by the upgrade demand.
“Secondary market transactions shrank as a result of the cooling measures imposed by the government, and upgraders were hesitant about buying new…
Source : South China Morning Post
Read more…Time to upgrade as Hong Kong’s new property stamp duty rule kicks in















