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  • October 22, 2014
  • Last updated: 4:26am
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  1. News - Hong Kong - PROPERTY

    New 15 per cent stamp duty may hit expatriate homebuyers

    Posted Oct 28th 2012, 12:00am by Johnny Tam, Tony Cheung

    ... Johnny Tam and Tony Cheung Stamp duty aimed at speculators could deter not-yet-permanent residents from buying New levy will block expatriates It may be targeted at property speculators, but a new stamp duty would derail the home-purchase plans of expatriates who are not yet permanent residents. That was the debate raging online a day after new cooling measures on the property ...

  2. Property - Hong Kong & China - PROPERTY

    Stamp duty 'a drag' on sales at luxury project

    Posted Dec 12th 2012, 12:00am by Paggie Leung

    ... Paggie Leung paggie.leung@scmp.com Marinella developer says new levy on buyers slowing purchases, calls for measure's review Stamp duty 'a drag on sales' at luxury project Sales of the 20 remaining special flats at luxury residential project Marinella were slowing because of the new buyer's stamp duty, the developers said yesterday. "The sales plan has ...

  3. Comment - Letters

    Risk of property price bubble justifies new stamp duty

    Posted Nov 15th 2012, 12:00am by LETTERS

    ... duty to buy property. (They are not precluded from purchasing property and there are already stories of property developers discounting prices to subsidise the stamp duty cost, suggesting ... resident too. The third criticism is that the stamp duty won't work and that there are better ways to solve the problem. These include freeing up land supply or recognising the cost imposed ...

  4. Business - Companies - PROPERTY

    New World to keep pace on sales despite stamp duty

    Posted Nov 22nd 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com New stamp duty has little effect on developer's sales timetable as few buyers are from mainland New World to keep pace despite tax New World Development does not plan to change its timetable for property sales despite the impact of the new buyer's stamp duty on demand from those who are not permanent residents. "We need time ...

  5. News - Hong Kong - PROPERTY

    Flat sales slump since new stamp duty

    Posted Nov 13th 2012, 12:00am by Peggy Sito, Phila Siu

    ... new stamp duty Property sales slumped last week, despite an increasing number of owners cutting prices, following the introduction of new stamp duty. Flat owners cut prices 3 to 5 per cent, ... measures. On October 26 the government announced that non-permanent residents and buyers who use company names would have to pay an additional stamp duty of 15 per cent of the price. The extra tax ...

  6. News - Hong Kong - PROPERTY

    Firms not exempt from stamp duty on Hong Kong homes

    Posted Oct 29th 2012, 12:00am by STAFF

    ... ruled out Local companies will not be exempted from the new higher stamp duty on homes, top government officials said yesterday, amid warnings that further measures to cool the property market ... duty on home purchases by non-permanent residents and companies, and an extension of the special stamp duty to three years on quick resales. The rates now range from 10 to 20 per cent. ...

  7. News - Hong Kong - PROPERTY

    Loophole lets home sellers evade stamp duty

    Posted Nov 01st 2012, 12:00am by Joyce Ng, SANDY LI AND KWONG MAN-KI

    ... move to close a loophole that would allow outside flat buyers to evade the new 15 per cent stamp duty still leaves other escape routes. It has acted to stop developers from holding flats ... able to avoid the 4.25 per cent stamp duty using the same scheme. It also does not cover cases in the secondary market where a person purchases a flat by buying the shares of the company ...

  8. Property - Hong Kong & China - PROPERTY

    Investors rush for office space as stamp duties cool market

    Posted Oct 30th 2012, 12:00am by Sandy Li, Yvonne Liu, Stuart Lau, PHOENIX KWONG

    ... Sandy Li, Yvonne Liu, Stuart Lau and Phoenix Kwong in Beijing Brokers expect commercial property prices to rise in face of residential stamp duties, but government may intervene there, too Agents warn of a rush into office space Property agents say they expect investors to retreat from the housing market as a result of the stamp duties announced on Friday, and move into an already ...

  9. Property - Hong Kong & China

    Resale stamp duty fails to halt flat sales as profits keep rising

    Posted Nov 17th 2012, 12:00am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Government stamp duty fails to stop early sales as property prices keep rising Resale tax loses its bite as investors chase profits Resale tax loses its bite as investors chase profits A special stamp duty intended to discourage the resale of flats within two years of purchase lost its effect after just 16 months, official statistics show. The government ...

  10. Property - Hong Kong & China - PROPERTY

    New stamp duties fail to deter 16 bids in two residential land block tenders

    Posted Nov 03rd 2012, 12:00am by Paggie Leung

    ... Paggie Leung paggie.leung@scmp.com Government tenders for two housing sites attract at a total of 16 bids each before closing Developers undeterred by new stamp duties Developers do ... after it introduced a buyer stamp duty on non-permanent residents and companies last Friday and increased and extended the special stamp duty on flat sales to curb soaring home prices. Cheung ...




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