The British Chamber of Commerce in Hong Kong said the doubling of stamp duty on the purchase of commercial properties would be harmful to the growth of small and medium-sized enterprises.
- Fri
- Oct 4, 2013
- Updated: 12:55am
Chambers of commerce that represent hundreds of foreign firms in Hong Kong are voicing unhappiness at the recent doubling of stamp duty on commercial property purchases.
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The prediction follows in the wake of a sharp drop in sales of commercial and residential properties since the government raised stamp duties payable on all commercial and non-residential...
Sales and prices of grade-A office space in Admiralty have fallen as a result of a doubling of stamp duties payable on the sale of non-residential properties.
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