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  • April 23, 2014
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Results 1 - 10 of 19 for 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 ...

    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

    ... 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 ... At the Stamp Duty (Amendment) Bill 2012 committee meeting yesterday, legislators urged the government to allow companies set up by Hong Kong permanent residents to be exempted from the new buyer's ...

    http://www.scmp.com/news/hong-kong/article/1311063/property-cooling-measures-unfair-locals-hong-kong-lawmakers-say
  3. 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 buying homes. It also raised by 5 percentage points an across-the-board "special stamp duty" on sellers to curb speculation, and extended its effect on resales from two to three years. ...

    http://www.scmp.com/news/hong-kong/article/1151326/stamp-duty-keeping-non-locals-out-property-market
  4. 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 ... In a Legislative Council meeting last week, lawmakers challenged the decision to include local buyers who use companies to purchase flats in the stamp duty. But tax officials said granting exemptions ...

    http://www.scmp.com/news/hong-kong/article/1078249/billionaire-henry-cheng-warns-new-duty-could-rock-normal-property
  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 by corporate and non-permanent-resident buyers. The government also raised by five percentage points a special stamp duty on sellers that was introduced two years ago to curb speculation, and extended ...

    http://www.scmp.com/news/hong-kong/article/1097648/hong-kong-housing-prices-go-through-roof-despite-steps-cool-market
  6. News - Hong Kong - HOUSING

    Cooling measures 'not negotiable'

    Posted Sep 15th 2013, 12:00am by Amy Nip

    ... by an alliance of property agencies to get lawmakers' support to scrap one increase in stamp duty on property transactions and moderate another. The alliance wants February's doubling of stamp duty on all property purchases except those by Hong Kong permanent residents who are first-time buyers scrapped. It also wants an exemption from an additional stamp duty of 15 per cent ...

    http://www.scmp.com/news/hong-kong/article/1310042/cooling-measures-not-negotiable
  7. News - Hong Kong - HOUSING

    Property sector turns to radicals in tax fight

    Posted Sep 16th 2013, 12:00am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Agents seek support of lawmakers known for blocking tactics in bid to stop stamp duty bill Property sector turns to radicals in tax fight The real-estate sector is turning to radical politicians in their fight to block the government's anti-property speculation bill that seeks to cool the housing market through increases in stamp duty ...

    http://www.scmp.com/news/hong-kong/article/1310470/property-sector-turns-radicals-tax-fight
  8. News - Hong Kong - HOUSING

    Property price curbs could lead to government deficit next year, warns economist

    Posted Oct 14th 2013, 09:15pm by Candy Chan

    ... city’s coffers Measures to cool the housing market could result in a serious deficit for the government in the next financial year by slashing one of its main income sources - stamp duty on property sales - a university economist says. Ho Lok-sang said a dramatic drop in transactions had already been noted since the introduction of a special stamp duty and a 15 per cent duty ...

    http://www.scmp.com/news/hong-kong/article/1331672/property-price-curbs-could-lead-government-deficit-next-year-says
  9. News - Hong Kong - HOUSING

    Home loans 'not on the cards for first-time buyers'

    Posted Nov 23rd 2012, 12:00am by Olga Wong, Thomas Chan

    ... not upset the economy. In the face of opposition from developers who complained about the recent introduction of buyers' stamp duty, Cheung said he would not make any comment until he received ... the special stamp duty and the new buyers' stamp duty]," he said. "More time is needed to measure the ultimate result." Developers complained that the buyers' stamp duty ...

    http://www.scmp.com/news/hong-kong/article/1088699/home-loans-not-cards-first-time-buyers
  10. Property - Hong Kong & China - HOUSING

    Mid-Levels Gehry flat sets record of HK$68,000 a sq ft

    Posted Nov 13th 2012, 12:00am by Yvonne Liu

    ... for leasing. And luxury residential prices have dropped a few per cent only and the buyer did not need to pay the new buyer's stamp duty and new rate of special stamp duty," he said. However, Poon said, sales of luxury flats have dropped significantly since the end of October as the new stamp duty had kept many mainland buyers away. "Transaction numbers will drop a further 30 ...

    http://www.scmp.com/property/hong-kong-china/article/1081148/mid-levels-gehry-flat-sets-record-hk68000-sq-ft

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