{"id":66166,"date":"2017-09-12T11:33:01","date_gmt":"2017-09-12T04:33:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hk350-levy-proposed-on-every-property-transaction-to-fund-new-management-watchdog\/"},"modified":"2017-09-12T11:39:47","modified_gmt":"2017-09-12T04:39:47","slug":"hk350-levy-proposed-on-every-property-transaction-to-fund-new-management-watchdog","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hk350-levy-proposed-on-every-property-transaction-to-fund-new-management-watchdog\/","title":{"rendered":"HK$350 levy proposed on every property transaction to fund new management watchdog"},"content":{"rendered":"


\nTens of thousands of Hong Kong property buyers face an extra HK$350 (US$19) levy on top of existing stamp duties, for every deal signed, starting from next year.
\nTony Tse, chairman of the fledgling Property Management Services Authority (PMSA), revealed the proposed new tax this week, to be used to help fund the authority\u2019s running.
\nIt is awaiting approval from Legco\u2019s Finance Committee, when it reconvenes in October.
\nThe body\u2019s job will be to regulate the property management…
\n
\nSource : South China Morning Post
\nRead more…HK0 levy proposed on every property transaction to fund new management watchdog<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tens of thousands of Hong Kong property buyers face an extra HK$350 (US$19) levy on...<\/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-66166","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-hdc","jetpack-related-posts":[{"id":100430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-private-equity-firm-gaw-capital-in-talks-to-fund-chinese-buyers-hk15-billion-tower-deal\/","url_meta":{"origin":66166,"position":0},"title":"Hong Kong private equity firm GAW Capital in talks to fund Chinese buyer\u2019s HK$15 billion tower deal","date":"October 24, 2018","format":false,"excerpt":"\r Hong Kong private equity fund GAW Capital Partners is in talks to fund a HK$15 billion (US$1.91 billion) buyout of two commercial towers in the city, after Beijing\u2019s tightened capital controls forced their original mainland Chinese buyer to look for financing elsewhere. GAW Capital is in talks with Chen\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37918,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/trailblazer-bridgeway-hits-hk98-5m-in-shop-investments\/","url_meta":{"origin":66166,"position":1},"title":"Trailblazer Bridgeway hits HK$98.5m in shop investments","date":"December 13, 2016","format":false,"excerpt":"\r Bridgeway Prime Shop Fund Management is blazing a new trail in the property market by becoming Hong Kong\u2019s first asset management firm and collective investment scheme, focused purely on shops and retail outlet investment. Since being given the regulatory go-ahead in July 2015, it has so far bought seven\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-china-unit-buys-three-commercial-buildings-in-hong-kong-for-hk3-billion\/","url_meta":{"origin":66166,"position":2},"title":"Bank of China unit buys three commercial buildings in Hong Kong for HK$3 billion","date":"August 31, 2017","format":false,"excerpt":"\r Bank of China (Hong Kong)\u2019s asset management arm said it has completed the acquisition of three commercial buildings in Hong Kong for a total of HK$3.1 billion (US$396 million), the latest deal involving mainland entities in the city\u2019s property market. BOCHK Asset Management bought 100 per cent of The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104771,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-link-reit-becomes-worlds-first-real-estate-trust-to-issue-green-convertible-bond\/","url_meta":{"origin":66166,"position":3},"title":"Hong Kong-listed Link Reit becomes world\u2019s first real estate trust to issue green convertible bond","date":"March 7, 2019","format":false,"excerpt":"\r Link Reit, Asia\u2019s biggest property investment trust, is selling a HK$5 billion (US$640 million) green convertible bond, making it the world\u2019s first real estate company to issue such a bond.In a filing to Hong Kong stock exchange, Link Asset Management, the manager of Link Reit, proposed to sell the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119249,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/veteran-hong-kong-investor-proposes-public-private-partnership-to-fund-controversial-lantau-tomorrow-vision-plan\/","url_meta":{"origin":66166,"position":4},"title":"Veteran Hong Kong investor proposes public private partnership to fund controversial Lantau Tomorrow Vision plan","date":"November 16, 2020","format":false,"excerpt":"\r A veteran investor has proposed a bold public private partnership to finance the controversial HK$624 billion (US$80 billion) Lantau Tomorrow Vision project without depleting the government coffers, but analysts said the scheme has its drawbacks and called for greater public participation.The \u201cPopular Public Private Partnership\u201d put forward by Sing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35660,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-offers-lower-than-expected-land-premium-on-ho-man-tin-station-development-site\/","url_meta":{"origin":66166,"position":5},"title":"Government offers lower-than-expected land premium on Ho Man Tin Station development site","date":"November 24, 2016","format":false,"excerpt":"\r The government is offering a lower-than-expected land premium, or levy, on a luxury residential site being offered for sale above Ho Man Tin Station, in a bid to drum up interest among land-hungry developers. The premium for the \u201cpackage one\u201d development is likely to be HK$6.28 billion, or HK$8,459\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\/66166"}],"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=66166"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66166\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}