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  • September 22, 2014
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  1. Stamp duty cut and rates waiver to boost home sales

    Posted Mar 01st 2007, 12:00am by Klaudia Lee, Peggy Sito

    ... Peggy Sito and Klaudia Lee The reduction in stamp duty, and a rates waiver will stimulate the mass housing market, luring more potential buyers, say developers and property agents. Cheung Kong (Holdings) chairman Li Ka-shing welcomed the reduction on stamp duty from 0.75 per cent for properties valued between HK$1 million and HK$2 million to a payment of HK$100, predicting ...

  2. DAB seeks easing of rules on stock listings and cuts in stamp duty

    Posted Jan 03rd 2007, 12:00am by Klaudia Lee

    ... financial centre. The Democratic Alliance for the Betterment and Progress of Hong Kong also urged the government to cut stamp duty on share transactions, which stands at 0.1 per cent on each deal- ... jurisdictions are assessed on a case-by-case basis, a HKEx spokesman said. From January to October last year, the government received HK$12.7 billion from stamp duty on share trades. The DAB said ...

  3. Estate duty may cease

    Posted Oct 08th 2005, 12:00am by Staff Reporter

    ... of about $1.5billion, the additional revenue from stamp duty and other taxes should compensate for the tax gap. ... and regionally is a plan to abolish estate duty. With the majority of interested parties consulted supporting the abolition, if the bill is passed, the government hopes it will draw a significant portion ...

  4. Row over Cheung Kong chief's tax blog escalates

    Posted Apr 30th 2011, 12:00am

    ... dates back to November, when the government announced new measures to curb speculative home-buying. It said sales of homes within two years of their purchase would incur additional stamp duty of up to 15 per cent of the sale price, on top of normal stamp duty, which is capped at 4.25 per cent. The measure took effect on November 20, a day after the announcement. Hours after ...

  5. Watsons workers call off strike and resume duties

    Posted Jul 14th 2012, 12:00am

    ... their duties. Union organiser Leung Wai-yum said: 'We understand that more time should be given to the company to settle the contract issues [of outsourced staff] and to review the overall ...

  6. Henderson Land expects home sales to top HK$10b

    Posted Feb 23rd 2007, 12:00am by Peggy Sito

    ... said he hoped the financial secretary would boost the market by cutting stamp duty by 0.5 percentage point for mass housing units and lifting the floor of property value that pays the minimum amount of duty. At present, stamp duty for property deals valued at HK$1 million or less is HK$100, the minimum payment. The rate will be increased to 0.75 per cent for deals worth between HK$1 ...

  7. A rare bust in HK's property market boom

    Posted Jul 19th 2011, 12:00am

    ... market in June. Forced to sell a flat at an unfinished North Point development, the investor lost over HK$1.5 million. But including stamp duties and agent's commission, the loss is expected ... to 60 per cent, while the total loan value must not exceed HK$5 million. The measures are on top of the introduction of a special stamp duty of up to 15 per cent on homes resold quickly. ...

  8. Cooling measures slam brakes on home sales

    Posted Nov 23rd 2010, 12:00am by Nick Westra, Peggy Sito

    ... Peggy Sito and Nick Westra Shares of Hong Kong's real estate companies slumped yesterday as government plans to lift stamp duty on property transactions spooked investors and sparked ... Reserve's latest US$600 billion 'quantitative easing'- include additional stamp duty of up to 15 per cent on property speculation and a lower mortgage ratio for costlier flats. '[The ...

  9. Developers shy from sales market amid gloom

    Posted Sep 05th 2011, 12:00am

    ... in the property market, including special stamp duties in November last year and tightened mortgage lending in June last year, sales and home prices have fallen. Patrick Chow Moon-kit, the head ...

  10. Hang Lung sees net profit fall 75pc as its focus shifts

    Posted Jul 30th 2011, 12:00am

    ... momentum. Additional stamp duty and an increase in the required down payment for homebuyers have taken a toll on transaction volumes in the city. The company's underlying profit from leasing ...




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