{"id":57058,"date":"2017-06-06T14:05:29","date_gmt":"2017-06-06T07:05:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-should-jail-those-who-abuse-first-time-flat-buyer-entitlements\/"},"modified":"2017-06-06T14:09:47","modified_gmt":"2017-06-06T07:09:47","slug":"hong-kong-should-jail-those-who-abuse-first-time-flat-buyer-entitlements","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-should-jail-those-who-abuse-first-time-flat-buyer-entitlements\/","title":{"rendered":"Hong Kong should jail those who abuse first-time flat buyer entitlements"},"content":{"rendered":"


\nHong Kong Financial Secretary Paul Chan Mo-po recently reminded everyone in his blog that it is a criminal offence to split residential property purchases by using other people\u2019s entitlements or to let others use one\u2019s own first-time buyer entitlement, through private arrangements, to work around the new stamp duty policy of restricting multiple flat purchases by a single buyer.
\nOnce convicted, in addition to having to pay back the difference, one would also be subject to a fine of…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong should jail those who abuse first-time flat buyer entitlements<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong Financial Secretary Paul Chan Mo-po recently reminded everyone in his blog that it...<\/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-57058","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-eQi","jetpack-related-posts":[{"id":146719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/would-you-live-in-a-haunted-hong-kong-flat-where-someone-died-an-unnatural-death\/","url_meta":{"origin":57058,"position":0},"title":"Would you live in a \u2018haunted\u2019 Hong Kong flat, where someone died an unnatural death?","date":"August 20, 2024","format":false,"excerpt":"\r In Hong Kong, the stigma attached to living where someone has died an unnatural death is so strong that a property agent may not find a tenant or buyer even if they lower the rent or selling price.\r \r Source : South China Morning Post\r Read more...Would you live\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-public-housing-flat-sells-for-record-hk5-26-million\/","url_meta":{"origin":57058,"position":1},"title":"Hong Kong public housing flat sells for record HK$5.26 million","date":"July 2, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property market continues to make waves in these turbulent times.A 598 square feet flat at Fung Tak Estate in Wong Tai Sin, Kowloon, has been sold for HK$5.26 million (US$674,000), making it the most expensive public rental housing unit in Hong Kong, according to data from the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/haunted-flat-scene-of-1996-gas-poison-murders-in-hong-kong-sells-with-heavy-discount-still-makes-a-profit\/","url_meta":{"origin":57058,"position":2},"title":"\u2018Haunted\u2019 flat, scene of 1996 gas-poison murders in Hong Kong, sells with heavy discount \u2014 still makes a profit","date":"January 1, 2016","format":false,"excerpt":"\r A haunted flat in Tsuen Wan in which six people were poisoned and gassed to death in 1996 has finally found a buyer, who paid half the market price for the unit no one would touch.\r \r Source : South China Morning Post\r Read more...\u2018Haunted\u2019 flat, scene of 1996\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":168003,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-luxury-flat-sells-for-us28-9-million-in-latest-high-end-property-deal\/","url_meta":{"origin":57058,"position":3},"title":"Hong Kong luxury flat sells for US$28.9 million in latest high-end property deal","date":"December 23, 2025","format":false,"excerpt":"\r A luxury flat in Hong Kong\u2019s Kowloon Tong district is one of the latest to have found a buyer amid a rosier outlook for the city\u2019s residential property market. The HK$225 million (US$28.9 million) property in Tower 6 of Mont Verra was bought by Elbe Rhein Investment on December\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24705,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rush-to-build-ever-smaller-homes-but-buyer-beware\/","url_meta":{"origin":57058,"position":4},"title":"Hong Kong developers rush to build ever smaller homes, but buyer beware","date":"September 2, 2016","format":false,"excerpt":"\r As the old saying goes, \u201csmall is beautiful\u201d, but in the case of Hong Kong\u2019s shift to smaller flats, it could get ugly as far as investors are concerned.\r \r Source : South China Morning Post\r Read more...Hong Kong developers rush to build ever smaller homes, but buyer beware","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110909,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mystery-hong-kong-buyer-completes-us13-4-million-corinthia-hotel-london-penthouse-deal-in-just-72-hours\/","url_meta":{"origin":57058,"position":5},"title":"Mystery Hong Kong buyer completes US$13.4 million Corinthia Hotel London penthouse deal in just 72 hours","date":"September 19, 2019","format":false,"excerpt":"\r A Hong Kong multimillionaire has bought a penthouse at the Corinthia Hotel London for \u00a310.75 million (US$13.4 million) in a deal that was sealed in 72 hours, property agents Aston Chase on Thursday.The identity of the buyer remains unknown. 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