{"id":119347,"date":"2020-11-25T20:51:18","date_gmt":"2020-11-25T13:51:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-small-businesses-welcome-scrapping-of-double-stamp-duty-on-commercial-property\/"},"modified":"2020-11-25T21:03:54","modified_gmt":"2020-11-25T14:03:54","slug":"hong-kongs-small-businesses-welcome-scrapping-of-double-stamp-duty-on-commercial-property","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-small-businesses-welcome-scrapping-of-double-stamp-duty-on-commercial-property\/","title":{"rendered":"Hong Kong\u2019s small businesses welcome scrapping of double stamp duty on commercial property"},"content":{"rendered":"


\nThe 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 help companies receive a fair price for their assets, as it will lower transaction costs. The move will effectively \u201clure buyers back to the market\u201d, Simon Wong,\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s small businesses welcome scrapping of double stamp duty on commercial property<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The scrapping of Hong Kong\u2019s double stamp duty for non-residential property has been welcomed by...<\/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-119347","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-v2X","jetpack-related-posts":[{"id":117168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-scrapping-special-stamp-duty-would-help-alleviate-hong-kongs-housing-shortage-problem\/","url_meta":{"origin":119347,"position":0},"title":"Why scrapping special stamp duty would help alleviate Hong Kong\u2019s housing shortage problem","date":"June 16, 2020","format":false,"excerpt":"\r In 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\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":119347,"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":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":119347,"position":2},"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":119339,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-and-sellers-return-to-hong-kongs-commercial-real-estate-as-anticipation-of-double-stamp-duty-abolition-spurs-deals\/","url_meta":{"origin":119347,"position":3},"title":"Buyers and sellers return to Hong Kong\u2019s commercial real estate as anticipation of double stamp duty abolition spurs deals","date":"November 25, 2020","format":false,"excerpt":"\r Hong Kong\u2019s commercial and industrial property transactions more than quadrupled in value this month, helped by Swire Properties\u2019 sale of Cityplaza One, as deals increased in anticipation of the government\u2019s move to scrap a double stamp duty for commercial real estate.The value of property bought and sold jumped to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144273,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-deals-double-to-near-3-year-high-as-scrapping-of-cooling-measures-spurs-buying-demand\/","url_meta":{"origin":119347,"position":4},"title":"Hong Kong property deals double to near 3-year high as scrapping of cooling measures spurs buying demand","date":"May 3, 2024","format":false,"excerpt":"\r Hong Kong\u2019s property transactions came close to a three-year high in April, with 9,880 units changing hands according to official data, as the removal of cooling measures continued to boost demand.\r \r Source : South China Morning Post\r Read more...Hong Kong property deals double to near 3-year high as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146560,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-july-home-sales-fall-for-the-third-month-as-supply-glut-defies-discount-war\/","url_meta":{"origin":119347,"position":5},"title":"Hong Kong\u2019s July home sales fall for the third month as supply glut defies discount war","date":"August 2, 2024","format":false,"excerpt":"\r The data showed how Hong Kong\u2019s blip of buying interest after the scrapping of stamp duties in February has dissipated, as record mortgage rates compounded the down-beat market sentiment.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s July home sales fall for the third month as supply\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\/119347"}],"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=119347"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119347\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}