{"id":117168,"date":"2020-06-16T11:00:05","date_gmt":"2020-06-16T04:00:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-scrapping-special-stamp-duty-would-help-alleviate-hong-kongs-housing-shortage-problem\/"},"modified":"2020-06-16T12:05:59","modified_gmt":"2020-06-16T05:05:59","slug":"why-scrapping-special-stamp-duty-would-help-alleviate-hong-kongs-housing-shortage-problem","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-scrapping-special-stamp-duty-would-help-alleviate-hong-kongs-housing-shortage-problem\/","title":{"rendered":"Why scrapping special stamp duty would help alleviate Hong Kong\u2019s housing shortage problem"},"content":{"rendered":"


\nIn November 2010, the Hong Kong government imposed a special stamp duty (SSD) on individuals and companies that acquire a residential property in Hong Kong and resell it within 36 months. The sellers need to pay an SSD equivalent to 20 per cent of the transaction price if they resell their home within six months of the purchase date. The SSD is reduced to 10 per cent if the property is sold within 12 to 36 months of the purchase date.In the decade before the introduction of SSD, home prices\u2026
\n
\nSource : South China Morning Post
\nRead more…Why scrapping special stamp duty would help alleviate Hong Kong\u2019s housing shortage problem<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In November 2010, the Hong Kong government imposed a special stamp duty (SSD) on individuals...<\/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-117168","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-utO","jetpack-related-posts":[{"id":119347,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-small-businesses-welcome-scrapping-of-double-stamp-duty-on-commercial-property\/","url_meta":{"origin":117168,"position":0},"title":"Hong Kong\u2019s small businesses welcome scrapping of double stamp duty on commercial property","date":"November 25, 2020","format":false,"excerpt":"\r The scrapping of Hong Kong\u2019s double stamp duty for non-residential property has been welcomed by the city\u2019s small businesses.The move, announced by Chief Executive Carrie Lam Cheng Yuet-ngor during her policy address on Wednesday, will slash transaction costs for commercial real estate starting on Thursday.The scrapping is expected to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kailong-pays-us124-5-million-for-hong-kong-industrial-building-the-largest-deal-in-the-segment-since-august-2019-after-scrapping-of-double-stamp-duty\/","url_meta":{"origin":117168,"position":1},"title":"Kailong pays US$124.5 million for Hong Kong industrial building, the largest deal in the segment since August 2019, after scrapping of double stamp duty","date":"January 19, 2021","format":false,"excerpt":"\r Hong Kong-based real estate fund manager Kailong has bought an industrial property in Cheung Sha Wan for nearly HK$1 billion (US$124.5 million), the largest transaction in the segment since August, 2019.The purchase was motivated by the recent cancellation of the double stamp duty on commercial properties and the long-term\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":117168,"position":2},"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":119734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-shop-owners-seek-higher-prices-after-scrapping-of-double-stamp-duty\/","url_meta":{"origin":117168,"position":3},"title":"Hong Kong shop owners seek higher prices after scrapping of double stamp duty","date":"January 12, 2021","format":false,"excerpt":"\r Hong Kong shop owners are more likely to stand firm on asking prices, as they expect investors to flood the market after the city scrapped the double stamp duty for non-residential property, investors and property agents said.Buyers are also willing to settle at higher price points since their total\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":117168,"position":4},"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":59348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-price-gain-ease-as-rising-stamp-duty-and-mortgage-lending-tightening\/","url_meta":{"origin":117168,"position":5},"title":"Hong Kong home price gain ease as rising stamp duty and mortgage lending tightening","date":"June 30, 2017","format":false,"excerpt":"\r Hong Kong\u2019s residential prices rose at the slowest monthly pace in four months in May, as the government\u2019s market-cooling stamp duty and the prospect of higher interest rates finally began to show their effects. May\u2019s home prices rose 1.15 per cent, slowing from April\u2019s increase of 2.55 per cent,\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\/117168"}],"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=117168"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}