{"id":112300,"date":"2019-11-12T10:40:18","date_gmt":"2019-11-12T03:40:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-october-stamp-duty-income-jumps-as-non-resident-property-buyers-pile-in-to-pick-up-bargains-amid-oversupply\/"},"modified":"2019-11-12T11:04:15","modified_gmt":"2019-11-12T04:04:15","slug":"hong-kongs-october-stamp-duty-income-jumps-as-non-resident-property-buyers-pile-in-to-pick-up-bargains-amid-oversupply","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-october-stamp-duty-income-jumps-as-non-resident-property-buyers-pile-in-to-pick-up-bargains-amid-oversupply\/","title":{"rendered":"Hong Kong\u2019s October stamp duty income jumps as non-resident property buyers pile in to pick up bargains amid oversupply"},"content":{"rendered":"


\nIndividual and corporate homebuyers piled into Hong Kong property last month to pick up bargains as city developers offered the most number of units for sale in several months after a surprise relaxation of mortgage entitlements for first-home buyers.Buyers\u2019 stamp duty, a 15 per cent surcharge on the price of a property that must be borne by non-permanent Hong Kong residents and corporate buyers, soared 2.8 times last month to HK$880 million (US$112.4 million), while the number of transactions\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s October stamp duty income jumps as non-resident property buyers pile in to pick up bargains amid oversupply<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Individual and corporate homebuyers piled into Hong Kong property last month to pick up bargains...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-112300","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tdi","jetpack-related-posts":[{"id":123753,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-shop-for-bargains-as-chinas-once-deep-pocketed-asset-buyers-fall-on-hard-times-amid-debt-crackdown\/","url_meta":{"origin":112300,"position":0},"title":"Hong Kong developers shop for bargains as China\u2019s once deep-pocketed asset buyers fall on hard times amid debt crackdown","date":"December 11, 2021","format":false,"excerpt":"\r Lui Che-woo, one of Hong Kong\u2019s wealthiest men with a casino, hotels and apartments under his belt, met his match in late 2016 when his company K Wah International lost a bidding war to a Chinese airline that was on a land grab in the world\u2019s most expensive real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-are-walking-away-from-hong-kong-property-contracts-as-stamp-duty-bites\/","url_meta":{"origin":112300,"position":1},"title":"Buyers are walking away from Hong Kong property contracts as stamp duty bites","date":"November 14, 2016","format":false,"excerpt":"\r A growing number of Hong Kong\u2019s property buyers have defaulted on their agreements and forfeited their deposits, as a November 5 increase in stamp duty shows effects. Four transactions involving seven apartments valued at a combined HK$55.4 million had been cancelled, according to the government\u2019s website. \u201cMore contracts will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32966,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-more-than-doubles-property-stamp-duty-to-15-per-cent-to-cool-overheating-market\/","url_meta":{"origin":112300,"position":2},"title":"Hong Kong more than doubles property stamp duty to 15 per cent to cool overheating market","date":"November 4, 2016","format":false,"excerpt":"\r Hong Kong\u2019s government has announced the latest round of property measures to cool off property investments by increasing the stamp duty on property transactions to 15 per cent across the board. It will be raised from the previous range of between 4.25 per cent and 8.5 per cent. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33745,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cheung-kong-offers-a-tax-salve-to-attract-buyers-back-to-hong-kongs-property-market\/","url_meta":{"origin":112300,"position":3},"title":"Cheung Kong offers a tax salve to attract buyers back to Hong Kong\u2019s property market","date":"November 10, 2016","format":false,"excerpt":"\r Cheung Kong Property Holdings has become the first among Hong Kong\u2019s developers to offer a salve to customers, a week after the government doubled the city\u2019s stamp duty to control runaway prices. For a month until December 15, Cheung Kong said it will foot the bill for buyer who\u2019re\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/snack-food-producer-four-seas-snaps-up-hong-kong-office-space-as-bargains-lure-buyers\/","url_meta":{"origin":112300,"position":4},"title":"Snack food producer Four Seas snaps up Hong Kong office space as bargains lure buyers","date":"September 2, 2024","format":false,"excerpt":"\r Hong Kong\u2019s depressed property prices are tempting buyers. Four Seas returns to the market after selling its office and warehouse in 2017, suggesting the slump may be ending.\r \r Source : South China Morning Post\r Read more...Snack food producer Four Seas snaps up Hong Kong office space as bargains\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41178,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-loss-in-overseas-buyers-may-be-singapores-gain\/","url_meta":{"origin":112300,"position":5},"title":"Hong Kong\u2019s loss in overseas buyers may be Singapore\u2019s gain","date":"January 19, 2017","format":false,"excerpt":"\r The rival financial hubs will slug it out for overseas buyers Singapore CBD. anekoho\/Shutterstock Hong Kong\u2019s decision to impose a stamp duty on foreign home buyers could push away those investors into the sagging, cheaper property market in\u00a0Singapore, according to analysts at Cushman & Wakefield Inc. \u201cThe fallout from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112300"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=112300"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112300\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}