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  • August 30, 2014
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Results 1 - 10 of 140 for 15 per cent stamp duty

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  1. News - Hong Kong - HOUSING

    Cooling measures to stay amid risk of property bubble

    Posted Dec 02nd 2013, 02:00pm by NG KANG-CHUNG

    ... the introduction of the buyer’s 15 per cent stamp duty in October 2012. The number of their purchases averaged at a low level of 89 cases a month, or 1.9 per cent of total transactions, in the first 10 ... said on Monday. At the meeting of the Legislative Council financial affairs panel, Tsang said Hong Kong’s economy was forecast to expand by three per cent this year, with inflation estimated ...

  2. News - Hong Kong - HOUSING

    Property cooling measures unfair to locals, Hong Kong lawmakers say

    Posted Sep 17th 2013, 12:00am by NG KANG-CHUNG

    ... stamp duty introduced last October. The rule demands overseas or corporate buyers of local properties pay 15 per cent of the price as tax on top of the existing stamp duty and a special stamp ... Ng Kang-chung kc.ng@scmp.com Lawmakers call on government to back down on new stamp duty rules and ask that residents to be exempt from corporate taxes Cooling measures 'unfair ...

  3. News - Hong Kong - HOUSING

    Billionaire Henry Cheng warns new duty could rock normal property sales

    Posted Nov 09th 2012, 12:00am by Simpson Cheung

    ... Simpson Cheung simpson.cheung@scmp.com Developer calls for new look at property taxes Billionaire Henry Cheng Kar-shun has said the new stamp duty of 15 per cent imposed on non-permanent ... be stabilised by a balance between demand and supply. On October 26, financial secretary John Tsang Chun-wah announced the 15 per cent buyer's stamp duty for non-local and corporate purchases. ...

  4. News - Hong Kong - HOUSING

    Stamp duty keeping non-locals out of property market

    Posted Feb 16th 2013, 12:00am by Joyce Ng

    ... should be exempted from the tax, as figures show few speculators use companies to evade tax. On October 27, the government imposed a new stamp duty of 15 per cent on non-locals and companies ... non-locals out of the market The new 15 per cent tax on non-local and corporate property buyers has put many of them off the housing market, but sales volumes and prices have rebounded in the two ...

  5. News - Hong Kong - HOUSING

    Hong Kong housing prices soar despite cooling steps

    Posted Dec 05th 2012, 12:00am by Peggy Sito

    ... Nevertheless, overall market sentiment remains weak, weighed down by the introduction of new stamp duties from October 27. The measures include a 15 per cent additional stamp duty on purchases ... to the new stamp duties, applications for car-park mortgages usually accounted for 2 or 3 per cent of total mortgage transactions, Lau said. "Our preliminary figures show that car-park mortgage ...

  6. Property - Hong Kong & China - HOUSING

    Proposed easing of stamp duty isn’t helping sales, property agencies say

    Posted May 20th 2014, 03:03pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Agents say they are mired in the darkest days of the market correction and that the new government measures are not boosting transactions Stamp duty easing ... fallen as developers hold back on the launches of new projects and homeowners offer less room for negotiation after the proposed easing of stamp duty on some transactions. "Only 176 new ...

  7. Property - Hong Kong & China - HOUSING

    Hong Kong to see surge in tiny flats as demand remains strong

    Posted Jul 29th 2014, 04:08pm by Sandy Li

    ... per cent, capped at HK$4.8 million. For flats priced between HK$7 million and HK$10 million, the maximum ratio is 60 per cent, capped at HK$5 million. Since the government doubled the stamp duty for the purchase of a second or subsequent home, buyers of such flats have to pay stamp duty of 1.5 per cent, as against HK$100 previously, for a property priced at HK$2 million or below; ...

  8. Property - International - HOUSING

    British home prices soar 3.6 per cent this month, at record highs

    Posted May 21st 2014, 06:00am by Reuters

    ... Reuters in London Prices gain 3.6 per cent this month as housing market benefits from fewer jobless, low interest rates and government mortgage schemes British home prices reach record highs Asking prices for homes in Britain hit a record high this month, adding to concerns about the speed at which the housing market is growing. Asking prices rose 3.6 per cent in the four ...

  9. Property - Hong Kong & China - HOUSING

    Prices for new homes in China drop in record 64 cities

    Posted Aug 18th 2014, 10:30am by Langi Chiang

    ... for 15.6 per cent of gross domestic product in the first half. ... drop of 2.5 per cent, accelerating from a 1.8 per cent fall in June. It is one of more than 30 cities that have loosened home purchase restrictions in an attempt to stem the downturn. ...

  10. News - Hong Kong - HOUSING

    100,000 children’s families in queue for public rental flats

    Posted Aug 25th 2014, 05:31am by Patsy Moy

    ... problems, she added. "The rental on these subdivided flats is as much as HK$4,000 per month, which eats up about 40 per cent of the total household income," Sze said. The average rent ... It revealed that, for 64 per cent of them, the only space for them to do their homework was on their bed. For children living in subdivided flats, overcrowding, noise and poor air quality and lighting ...




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