{"id":60512,"date":"2017-07-12T13:20:43","date_gmt":"2017-07-12T06:20:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-stamp-duty-is-beating-the-wrong-heads-and-does-nothing-to-lower-property-prices\/"},"modified":"2017-07-12T13:34:47","modified_gmt":"2017-07-12T06:34:47","slug":"hong-kongs-stamp-duty-is-beating-the-wrong-heads-and-does-nothing-to-lower-property-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-stamp-duty-is-beating-the-wrong-heads-and-does-nothing-to-lower-property-prices\/","title":{"rendered":"Hong Kong\u2019s stamp duty is beating the wrong heads and does nothing to lower property prices"},"content":{"rendered":"


\nInvestments at home and from abroad for residential properties in Hong Kong showed no sign of slowing as the government\u2019s revenue from extra stamp duty aimed to cool the market rose to a seven-month high of HK$3 billion last month … — SCMP Business, July 12
\nLet\u2019s get rid of one misperception right away \u2013 this business of \u201cand from abroad,\u201d which has so many people believing that it is foreign speculators who are driving prices up.
\nIn a letter to the editor…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s stamp duty is beating the wrong heads and does nothing to lower property prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investments at home and from abroad for residential properties in Hong Kong showed no sign...<\/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-60512","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-fK0","jetpack-related-posts":[{"id":33390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-stamp-duty-leaves-a-gaping-loophole\/","url_meta":{"origin":60512,"position":0},"title":"Hong Kong\u2019s property stamp duty leaves a gaping loophole","date":"November 7, 2016","format":false,"excerpt":"\r Hong Kong\u2019s government, which more than doubled a stamp duty over the weekend to tame runaway real estate prices, has left a gaping loophole in the tax regime, allowing first-time buyers of multiple properties to get away with not paying the levy. The tax ordinance collects stamp duty based\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-bno-emigrants-are-more-likely-to-rent-in-the-uk-than-buy-even-as-a-stamp-duty-holiday-ends-and-home-prices-plunge\/","url_meta":{"origin":60512,"position":1},"title":"Hong Kong\u2019s BN(O) emigrants are more likely to rent in the UK than buy, even as a stamp duty holiday ends and home prices plunge","date":"September 22, 2021","format":false,"excerpt":"\r Hong Kong immigrants under the British National (Overseas) scheme are more likely to rent when they first set foot in the United Kingdom than rushing into buying residential property, brokers said.They are also unlikely to rush into purchase commitments ahead of the end of a stamp duty holiday in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":60512,"position":2},"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":119347,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-small-businesses-welcome-scrapping-of-double-stamp-duty-on-commercial-property\/","url_meta":{"origin":60512,"position":3},"title":"Hong Kong\u2019s small businesses welcome scrapping of double stamp duty on commercial property","date":"November 25, 2020","format":false,"excerpt":"\r The 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-price-gain-ease-as-rising-stamp-duty-and-mortgage-lending-tightening\/","url_meta":{"origin":60512,"position":4},"title":"Hong Kong home price gain ease as rising stamp duty and mortgage lending tightening","date":"June 30, 2017","format":false,"excerpt":"\r Hong Kong\u2019s residential prices rose at the slowest monthly pace in four months in May, as the government\u2019s market-cooling stamp duty and the prospect of higher interest rates finally began to show their effects. May\u2019s home prices rose 1.15 per cent, slowing from April\u2019s increase of 2.55 per cent,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41178,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-loss-in-overseas-buyers-may-be-singapores-gain\/","url_meta":{"origin":60512,"position":5},"title":"Hong Kong\u2019s loss in overseas buyers may be Singapore\u2019s gain","date":"January 19, 2017","format":false,"excerpt":"\r The rival financial hubs will slug it out for overseas buyers Singapore CBD. anekoho\/Shutterstock Hong Kong\u2019s decision to impose a stamp duty on foreign home buyers could push away those investors into the sagging, cheaper property market in\u00a0Singapore, according to analysts at Cushman & Wakefield Inc. \u201cThe fallout from\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\/60512"}],"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=60512"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60512\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=60512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=60512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=60512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}