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  • April 21, 2014
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  1. Property - Hong Kong & China - PROPERTY

    Developers urge tax exemption for luxury flats

    Posted Nov 24th 2012, 12:00am by Peggy Sito, NG KANG-CHUNG

    ... In a letter to the government, Reda says the authorities should specify when they would end the anti-speculation taxes, which it warns will hurt Hong Kong's reputation as one of the world's ... Kong permanent residents". Industry analysts dismissed the concerns, saying Reda was only trying to protect its own interests and favouring rich buyers of upmarket flats. Professor Chau ...

    http://www.scmp.com/property/hong-kong-china/article/1089553/developers-urge-tax-exemption-luxury-flats
  2. Business - Economy - PROPERTY

    Tax takes huge toll on sales, industry

    Posted Dec 21st 2012, 12:00am by Peggy Sito

    ... to be over with one of the biggest brakes on players' profits now government policy, according to Real Estate Developers Association (REDA) chairman Stewart Leung Chi-kin. Hong Kong developers ... company directors or shareholders are permanent residents and should enjoy the same rights as individual local buyers," he said. The REDA had suggested that locals, including company ...

    http://www.scmp.com/business/economy/article/1109391/tax-takes-huge-toll-sales-industry
  3. Business - Money - PROPERTY

    Hong Kong's secondary home prices continue to fall in wake of stamp duty change

    Posted Dec 08th 2012, 12:00am by PEGGY SITO AND JOYCE NG

    ... Leung Chi-kin, chairman of Reda's executive committee, said the body was more concerned about the buyer's stamp duty than the special stamp duty, because the former would affect ...

    http://www.scmp.com/business/money/markets-investing/article/1100217/hong-kongs-secondary-home-prices-continue-fall-wake
  4. Comment - Letters

    Letters to the Editor, December 1, 2012

    Posted Dec 01st 2012, 12:00am

    ... Property tax plea ignores housing needs The Real Estate Developers Association (REDA) showed its true colours when it wrote to the government asking for so-called luxury flats of more than ... of the location, and is priced far out of the reach of most citizens. Little wonder that Stewart Leung Chi-kin, chairman of the REDA's executive committee, is concerned about a tax on offshore buyers, ...

    http://www.scmp.com/comment/letters/article/1094787/letters-editor-december-1-2012

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