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  • September 16, 2014
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  1. Another handout for Macau residents

    Posted Apr 21st 2011, 12:00am

    ... within six months will incur a 15 per cent stamp duty. This is in addition to the current stamp duty of 4.25 per cent. The new levy for property sold between six and 12 months is 10 per cent ... will incur a 20 per cent stamp duty. The new levy will be reduced to 10 per cent between one and two years after purchase. Macau's Monetary Authority will also cap the mortgage on new purchases ...

  2. Home prices race up despite tariff

    Posted Jun 13th 2012, 12:00am

    ... speculators and cool property prices. Under the new regulation, buyers who sell homes within a year of their purchase would have to pay the special stamp duty, equivalent to 20 per cent of the sale ... reached record highs. Analysts forecast flat prices could rise by a further 5 per cent by the end of this year due to strong pent-up demand and robust economic growth. 'If the extra stamp ...


    Posted Dec 23rd 2011, 12:00am

    ... and infrastructure projects are anticipated to look for homes in Macau, which will push up rents. Midland adds that transactions have fallen sharply after the Macau government introduced a special stamp duty of 10-20 per cent in June. ...

  4. Wine auctions may not resume unless duty cut

    Posted Feb 02nd 2008, 12:00am by Dennis Eng

    ... Macau would do away with its 15 per cent wine duty next year given the strong growth in gaming revenue, said Gregory Deeb, managing director of Crown Wine Cellars. Macau is increasingly becoming ... through lower prices. However, the wine and spirits coalition said average wine prices went down by about 15 per cent after last year's tax cut. Reducing the duty further would also put Hong ...

  5. Retail sales in July jump 14.2 per cent

    Posted Sep 04th 2007, 12:00am by Dennis Eng

    ... Dennis Eng Retail sales in July totalled HK$21.3 billion in Hong Kong, up 14.2 per cent from a year ago, the government said. The Hong Kong Retail Management Association said the result was in line with its own estimates. July's increase is slightly below that of June, when retail sales rose 14.3 per cent to HK$19.9 billion. Retail sales in the first seven months of this year ...

  6. Guangdong sets growth target of 9 per cent

    Posted Feb 11th 2004, 12:00am by Staff Reporter

    ... Leu Siew Ying in Guangzhou But the forecast comes amid warnings of tough competition and protectionism Guangdong Governor Huang Huahua has set a 9 per cent gross domestic product growth ... sharpened by the Closer Economic Partnership Arrangement. Delivering his work report at the opening session of the Guangdong People's Congress yesterday, Mr Huang also tipped an 11 per cent ...

  7. Mainland tourist numbers down by 80 per cent during protest

    Posted Jun 29th 2004, 12:00am by Gary Cheung

    ... Gary Cheung The number of mainland tour groups coming to Hong Kong around the time of Thursday's protest will be down by nearly 80 per cent, tour operators say. Charles Ng kwong-wai, vice-chairman of the Hong Kong Inbound Tour Operators' Association, said that from tomorrow to Friday only several dozen groups were scheduled to arrive each day, compared with the normal level ...

  8. NZ begins phasing out duties on HK goods

    Posted Jan 01st 2011, 12:00am by Ada Lee

    ... Ada Lee Under the new closer economic partnership agreement with New Zealand, which takes effect today, import tariffs on all goods from Hong Kong will be phased out over six years and more than 90 per cent of New Zealand's tariff lines will become duty-free in two years. Hong Kong service providers will also be given advantages in New Zealand. ...

  9. Rents set to rise 15pc

    Posted Aug 05th 2011, 12:00am

    ... Luxury residential rents in Hong Kong are expected to grow by 15 per cent over the next 12 months as a result of the inflow of expatriate executives, according to a report by Colliers. However, the firm believes price growth will narrow to 5 per cent. 'The further lowering of the loan-to-value ratio will impact overall sales as end-user demand will be affected,' says ...

  10. 15b yuan fund to stop small firms going bust

    Posted Feb 08th 2012, 12:00am

    ... Industrial output grew 12.8 per cent year on year in December compared with a 12.4 per cent rise in November and a 13.2 per cent increase in October. On a full-year basis, industrial output grew 13.9 per cent last year, compared with growth of 15.7 per cent in 2010. The potential threat of the spiralling euro-zone debt crisis and the wobbly economic outlook for the United States has ...




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