{"id":48940,"date":"2017-03-21T12:18:04","date_gmt":"2017-03-21T05:18:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-stamp-duty-on-pre-sold-units-is-inflating-hong-kong-house-prices\/"},"modified":"2017-03-21T12:22:36","modified_gmt":"2017-03-21T05:22:36","slug":"how-stamp-duty-on-pre-sold-units-is-inflating-hong-kong-house-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-stamp-duty-on-pre-sold-units-is-inflating-hong-kong-house-prices\/","title":{"rendered":"How stamp duty on pre-sold units is inflating Hong Kong house prices"},"content":{"rendered":"


\nHome prices in Hong Kong soared late last year, to the surprise of many, after falling by about 4 per cent between 2015 and 2016. Developers quickly pushed large numbers of pre-sale units onto the market at very high markups.
\nThe government responded quickly by slapping on an additional punitive stamp duty in a bid to cool down what was perceived as renewed speculative fervour.
\nThis was a mistake. There are no speculators or short- or medium-term investors in the property market anymore, only…
\n
\nSource : South China Morning Post
\nRead more…How stamp duty on pre-sold units is inflating Hong Kong house prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Home prices in Hong Kong soared late last year, to the surprise of many, after...<\/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-48940","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-cJm","jetpack-related-posts":[{"id":33878,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asias-most-expensive-apartment-just-sold-in-hong-kong-again\/","url_meta":{"origin":48940,"position":0},"title":"Asia\u2019s most expensive apartment just sold in Hong Kong \u2014 again","date":"November 11, 2016","format":false,"excerpt":"\r What stamp duty? Victoria Peak, Hong Kong. caminoel\/Shutterstock Defying expectations after the increased stamp duty on property purchases, Hong Kong just saw the sale of the most expensive apartment in Asia in terms of cost per square foot. Units 16A and 16B at luxury development Mount Nicholson on The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34574,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-braces-for-the-big-chill-from-new-stamp-duty\/","url_meta":{"origin":48940,"position":1},"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":48940,"position":2},"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":51695,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cheung-kongs-harbour-glory-almost-sold-out-as-buyers-shrug-aside-stamp-duty-move\/","url_meta":{"origin":48940,"position":3},"title":"Cheung Kong\u2019s Harbour Glory almost sold out as buyers shrug aside stamp duty move","date":"April 12, 2017","format":false,"excerpt":"\r Cheung Kong Property Holdings, the first Hong Kong developer to put an apartment project on the market after a tightening in the government\u2019s tax policy, said buyers had shrugged aside concerns of a higher levy to snap up nearly every one of the 152 units of its Harbour Glory\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adjoining-luxury-flats-in-hong-kong-sell-for-a-record-hk104803-per-sq-ft-the-highest-in-asia\/","url_meta":{"origin":48940,"position":4},"title":"Adjoining luxury flats in Hong Kong sell for a record HK$104,803 per sq ft, the highest in Asia","date":"November 8, 2016","format":false,"excerpt":"\r Three days after the Hong Kong government raised the residential stamp duty to 15 per cent to rein in runaway home prices, adjoining luxury flats on The Peak sold for HK$104,803 per square foot, the most expensive for an apartment in Asia in terms of per square foot cost.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109031,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-hong-kong-chinese-investors-delay-buying-london-property-and-wait-for-stamp-duty-cuts\/","url_meta":{"origin":48940,"position":5},"title":"Should Hong Kong, Chinese investors delay buying London property and wait for stamp duty cuts?","date":"July 16, 2019","format":false,"excerpt":"\r A plan to cut stamp duty on home purchases in Britain may just be the boost needed by the slumping London property market, according to analysts.\r\rBoris Johnson, who is tipped to succeed British Prime Minister Theresa May this month, is considering a reduction in stamp duty for luxury residential\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\/48940"}],"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=48940"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48940\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=48940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=48940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=48940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}