A developer's scheme to sell flats in the form of shares to help buyers escape stamp duty on property purchases will not work, tax experts say. The government recently announced that non-residents and buyers who use company names to buy flats will have to pay a stamp duty of 15 per cent of the purchase price of the flats.Monday, 5 November, 2012, 10:10am
Mainland buyers accounted for almost 20 per cent of the sales in two new private residential projects in the New Territories that offered almost 2,700 luxury flats, a green group says.3 Oct 2012 - 5:22am 9 comments
Five villagers in Tsuen Wan yesterday blocked access to a construction site, saying the government had done nothing to stop work there on what they suspect is a columbarium.9 Mar 2010 - 12:00am
Deals rise 14.1pc by volume and 15.5pc by value despite uncertainty over interest rates
Hong Kong's home sales rose 14.1 per cent by volume last month as new project launches helped reverse a decline in April, official figures revealed yesterday.3 Jun 2006 - 12:00am
After investigation, the Lands Registry has agreed to change its procedures
The Home Affairs Department is moving to close a loophole that the Ombudsman fears is exposing the names and addresses of residential property owners to potential misuse.
The Office of the Ombudsman revealed the loophole during its investigation of a recent complaint.22 Aug 2003 - 12:00am
Property transactions registered with the Land Registry dropped 31.2 per cent month-on-month in April 7,853 cases on a sluggish residential market. The transaction value declined 15.4 per cent to HK$18 billion compared with March. When compared with April last year, the volume represented a 14.1 per cent decrease while transaction value was down 15.7 per cent.4 May 2001 - 12:00am
Property transactions registered with the Land Registry fell 11 per cent last month compared with January to 8,364.
The fall highlighted the slowdown in activity this year as buyers turned cautious in the face of higher prices, analysts said.
The seasonal factor of the Lunar New Year holiday also influenced the performance.5 Mar 1999 - 12:00am
Fire doors have been blocked and power rooms swamped with rubbish in the offices of four government department heads - including Secretary for Justice Elsie Leung Oi-sie - for at least four months.
Hundreds of other civil servants work in the harbour view offices next to Pacific Place in Queensway.9 Jan 1998 - 12:00am
Property transactions registered with the Land Registry jumped 2.8 per cent to 15,400 last month from October, estate agents say.
Centaline Property Agency said the total transaction value fell 2.2 per cent to $59 billion, reflecting a slight recovery in the market in October, just before the financial turmoil.2 Dec 1997 - 12:00am
THE computer generation has finally arrived at the Land Registry.
No longer will estate agents and their clerks have to conduct a manual search to find the owners of property located in the urban areas of Hong Kong.10 Aug 1994 - 12:00am