{"id":34288,"date":"2016-11-14T19:51:16","date_gmt":"2016-11-14T12:51:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-are-walking-away-from-hong-kong-property-contracts-as-stamp-duty-bites\/"},"modified":"2016-11-14T20:02:41","modified_gmt":"2016-11-14T13:02:41","slug":"buyers-are-walking-away-from-hong-kong-property-contracts-as-stamp-duty-bites","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-are-walking-away-from-hong-kong-property-contracts-as-stamp-duty-bites\/","title":{"rendered":"Buyers are walking away from Hong Kong property contracts as stamp duty bites"},"content":{"rendered":"


\nA 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.
\nFour transactions involving seven apartments valued at a combined HK$55.4 million had been cancelled, according to the government\u2019s website.
\n\u201cMore contracts will be cancelled this week as buyers have decided to give up their deposits and walk away from the transactions in view of increasing market uncertainties,…
\n
\nSource : South China Morning Post
\nRead more…Buyers are walking away from Hong Kong property contracts as stamp duty bites<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A growing number of Hong Kong\u2019s property buyers have defaulted on their agreements and forfeited...<\/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-34288","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\/p75ss1-8V2","jetpack-related-posts":[{"id":34574,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-braces-for-the-big-chill-from-new-stamp-duty\/","url_meta":{"origin":34288,"position":0},"title":"Hong Kong braces for the big chill from new stamp duty","date":"November 16, 2016","format":false,"excerpt":"\r Is buying second homes in the Chinese SAR worth the extra burden? Songquan Deng\/Shutterstock Apparently, the sale of Asia\u2019s most expensive apartment last week was just a fluke. Home buyers in Hong Kong are finally feeling the chill from the latest cooling measure increasing the stamp duty for second\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-real-estate-prices-to-soften-next-year\/","url_meta":{"origin":34288,"position":1},"title":"Hong Kong real estate prices to soften next year","date":"November 24, 2016","format":false,"excerpt":"\r That pesky stamp duty again The future\u2019s a blur. Image: iMoStudio\/Shutterstock Residential prices in Hong Kong are to face downward pressure in 2017 following the governments stamp duty increase for non-first time buyers, says Colliers. The stamp duty hike on 5 November is the second increase in three years.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112300,"url":"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\/","url_meta":{"origin":34288,"position":2},"title":"Hong Kong\u2019s October stamp duty income jumps as non-resident property buyers pile in to pick up bargains amid oversupply","date":"November 12, 2019","format":false,"excerpt":"\r Individual 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\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":34288,"position":3},"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":117794,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uks-stamp-duty-holiday-likely-to-entice-more-hong-kong-home-buyers-fleeing-security-law\/","url_meta":{"origin":34288,"position":4},"title":"UK\u2019s stamp duty holiday likely to entice more Hong Kong home buyers fleeing security law","date":"July 14, 2020","format":false,"excerpt":"\r London\u2019s announcement of a stamp duty holiday until March next year is likely to entice more Hongkongers to buy homes in the UK after the British government confirmed it will allow more than 3 million residents of its former colony to seek permanent residency.\r\rThe anticipated influx has even led\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-hong-kong-prices-wont-stop-rising-in-2017\/","url_meta":{"origin":34288,"position":5},"title":"Why Hong Kong prices won\u2019t stop rising in 2017","date":"January 11, 2017","format":false,"excerpt":"\r No worries, no (downward) pressure despite stamp duty The Central-Mid-Levels escalator and walkway system in Hong Kong is the longest outdoor covered escalator system in the world. Pelikh Alexey \/ Shutterstock.com Analysts do not expect home values in Hong Kong to stop rising this year, new stamp duties notwithstanding.\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\/34288"}],"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=34288"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34288\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=34288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=34288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=34288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}