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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 ...

    http://www.scmp.com/news/hong-kong/article/1370964/cooling-measures-stay-amid-risk-property-bubble
  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 ...

    http://www.scmp.com/news/hong-kong/article/1311063/property-cooling-measures-unfair-locals-hong-kong-lawmakers-say
  3. News - Hong Kong

    Stamp duty for developers to remain in place

    Posted Dec 18th 2012, 03:24pm by Lai Ying-kit

    ... an exemption, for Hong Kong-registered companies, from the 15 per cent stamp duty that is now charged on flat purchases. It affects corporate buyers as well as non-permanent residents. Cheung made ... Lai Ying-kit The government will maintain its new buyer’s stamp duty on local corporate buyers of flats, the housing minister said on Tuesday. Speaking to reporters after an Executive ...

    http://www.scmp.com/news/hong-kong/article/1107421/stamp-duty-developers-remain-place
  4. 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 ...

    http://www.scmp.com/news/hong-kong/article/1294796/agents-say-their-business-hit-cooling-policies
  5. Property - Hong Kong & China - HONG KONG

    Hong Kong's property curbs likely to stay until prices fall further

    Posted Aug 21st 2013, 12:00am by Sandy Li

    ... to impose three new property taxes: a 15 per cent "buyer's stamp duty" levied on foreign and corporate buyers of residential flats; a "special stamp duty" on the resale ... government headquarters in Admiralty if the government maintained its doubling of stamp duty, which agents say is to blame for a massive decrease in sales. Home sales are running at 43 per cent below ...

    http://www.scmp.com/property/hong-kong-china/article/1298101/hong-kongs-property-curbs-likely-stay-until-prices-fall
  6. 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 ...

    http://www.scmp.com/news/hong-kong/article/1080646/fewer-want-buy-hong-kong-property-after-stamp-duty-survey-finds
  7. Property - Hong Kong & China - RESIDENTIAL

    Jones Lang LaSalle boss warns of risky climate for first-time homebuyers

    Posted Jul 10th 2013, 12:00am by Peggy Sito

    ... equity in view of falling home prices as interest rates rise and supply increases. The situation is worrying." Since October, the government has introduced a 15 per cent additional stamp ... Jones Lang LaSalle boss Joseph Tsang urges government to rethink stamp duty policies Should first-time homebuyers be encouraged to enter the market now? For Joseph Tsang, managing director ...

    http://www.scmp.com/property/hong-kong-china/article/1278901/jones-lang-lasalle-boss-warns-risky-climate-first-time
  8. News - Hong Kong - POLITICS

    ICAC probe Franklin Lam's property sales

    Posted Nov 02nd 2012, 09:18pm by Lai Ying-kit

    ... Lai Ying-kit The Independent Commission Against Corruption (ICAC) has launched an investigation into the sale of two flats by Executive Council member Franklin Lam Fan-keung, according to a pan-democrat who earlier filed a complaint. Lam sparked controver ...

    http://www.scmp.com/news/hong-kong/article/1074750/icac-probe-franklin-lams-property-sales
  9. Property - Hong Kong & China - REDEVELOPMENT

    New stamp duty may lead to fewer old buildings being redeveloped

    Posted Mar 04th 2014, 02:32pm by Yvonne Liu

    ... announced. In October 2012 the government began levying an additional 15 per cent stamp duty on purchases by corporate and non-permanent-resident buyers. Last year it doubled regular stamp duties ... The imposition of extra stamp duties, which caused a 72 per cent drop last year in developers' purchases of old buildings for redevelopment, will continue to affect the sector this year, property ...

    http://www.scmp.com/property/hong-kong-china/article/1440058/new-stamp-duty-may-lead-fewer-old-buildings-being
  10. 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 ...

    http://www.scmp.com/news/hong-kong/article/1150540/solicitors-commerce-chamber-seeks-exemptions-proposed-stamp-duty

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