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  1. Developers want date for extra stamp duty to end

    Posted Jan 05th 2011, 12:00am by Paggie Leung

    ... Paggie Leung Developers want more exemptions and an end date to the additional stamp duty introduced by the government two months ago as a weapon against property speculation. 'We understand the introduction of extraordinary measures in usual times. But when the situation gets back to normal, the special stamp duty should be scrapped, and therefore we suggest putting a sunset ...

  2. New year provides a strong start for home sales

    Posted Jan 05th 2011, 12:00am by Peggy Sito

    ... in stamp duty on homes resold within two years. The stamp duty was set as high as 15 per cent if a home was resold within six months. At the same time, the Monetary Authority reduced the amount ... Liat, regional property head of Samsung Securities (Asia), echoed this view. In his latest research report Lee said the special stamp duty was likely to reduce speculative demand and ensure ...

  3. More exemptions for new stamp duty rate

    Posted Apr 02nd 2011, 12:00am

    ... Fanny W. Y. Fung Property owners forced to sell by court orders and people transferring home ownership to siblings will be exempted from the additional stamp duty introduced ... duty measure, announced on November 19, homes sold within two years of being purchased will incur a stamp duty of 5 to 15 per cent, in addition to the existing stamp duty, capped at 4.25 per ...

  4. UK stamp duty rise sees rush to complete

    Posted Mar 02nd 2011, 12:00am by Richard Warren

    ... Home buyers in Britain are racing to complete deals on GBP1 million (HK$12.55 million) properties to avoid paying thousands of pounds extra in stamp duty tax. Stamp duty on homes valued ... The housing market in London and surrounding southeast England will be most affected by the rise. According to property website, Zoopla, 85 per cent of stamp duty raised on sales of homes for GBP1 ...

  5. New stamp duty won't help, say legislators

    Posted Jun 23rd 2011, 12:00am

    ... Ada Lee ada.lee@scmp.com Legislators approved last year's decision to impose special stamp duty on quick resales of flats, but said it would not bring down the sky-high property prices. The only way to do that was to resume building subsidised flats for sale under the Home Ownership Scheme, they said. The bill they approved rubber-stamps the extra duties imposed ...

  6. Home deals down 29pc on higher stamp duty

    Posted Jan 05th 2011, 12:00am by Sandy Li, Yvonne Liu

    ... Home sales slumped 29.3 per cent last month after the government increased stamp duty to cool down the overheated property sector. Figures from the Land Registry show a total of 9,328 flats were sold last month, compared with 15,967 deals in November. The government raised stamp duty on November 19. The total residential sales volume dropped 32.2 per cent to HK$39.3 billion ...

  7. Interest rates and stamp duty put pressure on developers

    Posted Apr 04th 2011, 12:00am

    ... Sandy Li Rising interest rates and penalty stamp duty rates aimed at cracking down on speculation could end last year's brisk growth in property sales and present Hong Kong developers ... rates and facing a retreat by speculators from the market after the government imposed extra stamp duties on the quick turnover of properties and removed property as a qualifying asset under ...

  8. HK home prices tipped to rise 11pc this year

    Posted Feb 05th 2011, 12:00am by Peggy Sito

    ... in November. Average home prices fell 0.4 per cent month on month in December, Lau said. The government announced additional stamp duty would be levied on homes resold within two years. The additional ... had stayed away from the market since the special stamp duty was introduced. Room to grow Despite recent rises, the average Hong Kong home price is still below the market peak of June 1997 ...

  9. Cooling tactics deflate sales of luxury homes

    Posted May 06th 2011, 12:00am

    ... attitudes to property valuation,' said Patrick Chow, head of research at Ricacorp Properties. The fall in the number of transactions also reflected the impact of a rise in stamp duty, which was reducing short-term speculation, Chow said. Properties bought and sold within six months incur a 15 per cent stamp duty under the new measures. This is in addition to the standard stamp duty ...


    Posted Dec 23rd 2011, 12:00am

    ... The special stamp duty, which punishes the short-term resale of property, has generated more debate. Financial Secretary John Tsang Chun-wan said the duty could come under review ... suggestions about an end to the duty. According to Centaline Property, prices could fall if the duty remains in place. ...




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