{"id":51801,"date":"2017-04-13T17:46:54","date_gmt":"2017-04-13T10:46:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/wily-buyers-work-around-stamp-duty-rule-by-splitting-purchases-under-different-names\/"},"modified":"2017-04-13T18:15:17","modified_gmt":"2017-04-13T11:15:17","slug":"wily-buyers-work-around-stamp-duty-rule-by-splitting-purchases-under-different-names","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wily-buyers-work-around-stamp-duty-rule-by-splitting-purchases-under-different-names\/","title":{"rendered":"Wily buyers work around stamp duty rule by splitting purchases under different names"},"content":{"rendered":"


\nWily buyers appear to have found a workaround for the Hong Kong government\u2019s new stamp duty rule, barely a day after the outgoing Chief Executive Leung Chun-ying announced he\u2019s closing a five month tax loophole to help his successor to get a handle on the city\u2019s runaway property prices.
\nDuring a Wednesday sale at Cheung Kong Property Holding\u2019s Harbour Glory apartment project in North Point, a family bought three apartment units for a combined bill of about HK$170 million…
\n
\nSource : South China Morning Post
\nRead more…Wily buyers work around stamp duty rule by splitting purchases under different names<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wily buyers appear to have found a workaround for the Hong Kong government\u2019s new stamp...<\/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-51801","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-dtv","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":51801,"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":33878,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asias-most-expensive-apartment-just-sold-in-hong-kong-again\/","url_meta":{"origin":51801,"position":1},"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":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":51801,"position":2},"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":51667,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cy-leung-seeks-to-plug-housing-loophole-with-stamp-duty-rise-for-multiple-flat-purchases\/","url_meta":{"origin":51801,"position":3},"title":"CY Leung seeks to plug housing loophole with stamp duty rise for multiple flat purchases","date":"April 11, 2017","format":false,"excerpt":"\r First-time Hong Kong homebuyers purchasing multiple flats in one go will now have to pay a 15 per cent stamp duty as the \u00adgovernment finally seeks to plug a legal loophole open to exploitation by speculators. The loophole was first reported by the Post last November, days after the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vibe-centro-flats-see-poor-sales-as-surging-prices-new-stamp-duty-dampen-appetite\/","url_meta":{"origin":51801,"position":4},"title":"Vibe Centro flats see poor sales as surging prices, new stamp duty dampen appetite","date":"April 14, 2017","format":false,"excerpt":"\r It seems that Hong Kong property buyers may have their limits after all. Poly Property Group\u2019s latest batch of apartments in Kai Tak saw disappointing sales on Friday, with less than a third of the 93 new units at Vibe Centro finding buyers between 10am and 6pm, according to\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":51801,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/51801"}],"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=51801"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/51801\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=51801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=51801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=51801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}