Housing officials are facing mounting pressure to scale back an anti-speculation measure that seeks to cool the market by taxing corporate property buyers more than private buyers.
- Thu
- Oct 3, 2013
- Updated: 2:16am
15 per cent stamp duty
To rein in the city's runaway housing prices, Hong Kong's Financial Secretary John Tsang Chun-wah announced an additional 15 per cent stamp duty on non-permanent-resident and corporate buyers starting from October 27, 2012. The move prompted speculation over the effectiveness of taxation on the real estate market and criticisms that Hong Kong was turning away from its roots as a free market economy in favour of a more protectionist market environment.
17 Sep 2013
7:26AM
9 comments
21 Aug 2013
Pleas by real estate agents for the Hong Kong government to relax its measures aimed at cooling down the property market are likely to fall on deaf ears until prices have fallen further, say...
3:11AM
7 Aug 2013
An alliance of property agents against the government's market-cooling measures said they hoped to collect 200,000 signatures in a month to urge withdrawal of the policies.
4:07AM
6 Aug 2013
The government would neither relax nor withdraw its property-cooling measures as hot cash remained abundant in the global market, Chief Executive Leung Chun-ying warned on his blog yesterday.
3:36AM
10 Jul 2013
Should first-time homebuyers be encouraged to enter the market now? For Joseph Tsang, managing director of property consultants Jones Lang LaSalle Hong Kong, the answer is a straightforward no....
2:43AM
8 Jul 2013
Despite measures to cool the property market and help poor people since last July, housing remains a severe social problem for Chief Executive Leung Chun-ying's administration.
7:29AM
The Civic Party's Ronny Tong Ka-wah said he had written to the Legislative Council's constitutional affairs panel: "The issue raised questions about the confidentiality principle and [the] "one...
6:02AM
It raised concerns that Leung could have breached the Executive Council's confidentiality rule and the principle of Hong Kong people governing Hong Kong, and that the information could have been...
7:22AM
The influence of mainland authorities on Hong Kong policy has been thrown under the spotlight by the exposure of a sensitive phone call, which Chief Executive Leung Chun-ying has refused to...
5:53AM
New stamp duties rolled out over the last few months to try and cool the property market have been a big blow for expatriates in Hong Kong - and a matter of some confusion.
5:22AM
Buyers of units in the Apex Horizon hotel may risk financial burdens despite avoiding stamp duties by making the controversial purchase, property experts warn. This week property giant Cheung Kong...
4:24AM
The Lands Departments is investigating whether property giant Cheung Kong has violated land lease regulations by selling units at a suite hotel.
Buyers do not have to pay stamp duties when...
8:47AM
In Case You Missed It
23 Sep 2013
Login
SCMP.com Account
or
Log in using a partner site
Log in using your Facebook account. What's this?
Don't have an SCMP.com account? Subscribe Now!