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  • July 14, 2014
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  1. News - Hong Kong - PROPERTY

    Higher stamp duties approved by Legco 16 months after being imposed

    Posted Feb 23rd 2014, 05:11am by Tony Cheung

    ... the stamp duty at non-local buyers has also been effective in squeezing out mainland investors. Property agency Centaline estimates 42 per cent of buyers of new homes were non-local before the 15 ... Analysts said the imposition of the stamp duties had popped the property market bubble. Brokerage house CLSA projects a 10 per cent drop in prices this year and a further 5 per cent drop next year. ...

  2. News - Hong Kong - PROPERTY

    Legco set to vote for year-old stamp duty rise

    Posted Feb 18th 2014, 05:11am by TANNA CHONG AND OLGA WONG

    ... Kenneth Leung Kai-cheong said. Under the change, announced by Cheung on Friday, the government would have to table a new bill for any proposed increase in the 15 per cent buyers stamp duty ... buyers of property must pay an extra 15 per cent tax on top of the existing stamp duty, while a special stamp duty is levied on the resale of properties within three years of purchase, up from ...

  3. News - Hong Kong - PROPERTY

    Changes to stamp duty adjustment system to incorporate different approaches

    Posted Feb 15th 2014, 03:46am by Tanna Chong

    ... duty adjustment mechanism The government has announced changes to its system of adjusting stamp duty levels, amid lawmakers' repeated attempts to limit its power to do so. Secretary for Transport and Housing Professor Anthony Cheung Bing-leung yesterday said the government would adopt different legislative approaches for adjusting the 15 per cent buyers' stamp duty, introduced ...

  4. News - Hong Kong - PROPERTY

    Controversial property stamp duty bill moves one step closer to passage

    Posted Feb 20th 2014, 12:22pm by Amy Nip and Tanna Chong

    ... introduce the buyer's stamp duty. The bill is expected to pass a third reading within days. A third reading would write into the statute books the 15 per cent tax on home purchases ... at Centaline, sees things differently. He expects property prices to drop by 15 per cent when the bill becomes law, with transactions up by 20 to 30 per cent by June. "Some property owners would ...

  5. News - Hong Kong - PROPERTY

    New 15 per cent stamp duty may hit expatriate homebuyers

    Posted Oct 28th 2012, 12:00am by Johnny Tam, Tony Cheung

    ... pay 10 per cent of a home's value in Additional Buyer's Stamp Duty- 5 percentage points less than such buyers must pay in Hong Kong. ... Johnny Tam and Tony Cheung Stamp duty aimed at speculators could deter not-yet-permanent residents from buying New levy will block expatriates It may be targeted at property speculators, ...

  6. News - Hong Kong - PROPERTY

    Agents say their business hit by cooling policies

    Posted Aug 07th 2013, 12:00am by Ada Lee

    ... not own a flat. This measure and another two - a 15 per cent buyer's stamp duty on foreign and corporate buyers of residential flats, and a special stamp duty on the resale of flats within 36 ... Ada Lee ada.lee@scmp.com Heavyweights from the industry turn out to urge the government to withdraw extra stamp duties Agents say their business hit by cooling policies An alliance ...

  7. News - Hong Kong - PROPERTY

    Fewer want to buy Hong Kong property after stamp duty, survey finds

    Posted Nov 12th 2012, 02:10pm by Phila Siu

    ... on Monday. Between August and October, 24 per cent of Hongkongers were interested in buying property, the bank’s poll found. That fell to 19 per cent after the market-cooling measures were introduced on October 26. The government launched a buyer stamp duty on non-permanent residents and companies, and increased and extended the special stamp duty on flat sales. The Monetary Authority made its ...

  8. News - Hong Kong - PROPERTY

    Solicitors, commerce chamber seeks exemptions to proposed stamp duty

    Posted Feb 15th 2013, 12:00am by Joyce Ng

    ... Solicitors and a foreign business chamber have expressed concern about a planned 15 per cent stamp duty on non-local and corporate property buyers, while another chamber has endorsed it. ... Kirsty Boazman, said: "The chamber is concerned about the impact of the buyer's stamp duty on people who hold a valid Hong Kong working permit who, while they intend to make Hong Kong ...

  9. News - Hong Kong - PROPERTY

    Loophole lets home sellers evade stamp duty

    Posted Nov 01st 2012, 12:00am by Joyce Ng, SANDY LI AND KWONG MAN-KI

    ... move to close a loophole that would allow outside flat buyers to evade the new 15 per cent stamp duty still leaves other escape routes. It has acted to stop developers from holding flats ... Hung, said. Officials last week acknowledged the problem of share transfers but said they accounted for just 0.1 per cent of all transactions. The 15 per cent Buyer's Stamp Duty was imposed ...

  10. News - Hong Kong - PROPERTY

    Government has no plan to plug stamp duty loophole

    Posted Nov 03rd 2012, 12:00am by Joyce Ng

    ... Duty of 15 per cent, along with other duties, by using a share transfer system. If a person purchases a second-hand flat by buying the shares of the company that owns it, the buyer is regarded ... HK$100 for flats priced under HK$2 million to 4.25 per cent of property values. Last week also saw the special stamp duty on the resale of homes, introduced in 2010, extended from two to three ...




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