The mainland has started drafting a property tax law, but analysts are not sure whether it means a pilot programme already in place for three years will be suspended.Wednesday, 12 March, 2014, 2:40am
Home prices in the mainland's top-tier cities will keep rising on strong demand, and local governments will be cautious in taking any further tightening measures so as not to crush the market, analysts said.17 Jan 2014 - 4:39am
More organisations and individuals have joined the chorus of criticism against the doubling of stamp duty on the purchase of commercial properties, ahead of a meeting with lawmakers today.
It could become prohibitively expensive for businesses to buy their own premises to avoid high rental costs, the Royal Institution of Chartered Surveyors said.13 Jun 2013 - 5:03am
The middle class and our youth are effectively paying the highest taxes. The government prefers to generate revenue from selling land for high prices, which further drives up property prices. This will only shift wealth from the middle class further to landlords, the rich, including property developers; worsening the wealth gap.9 Jun 2013 - 2:40am 1 comment
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.31 May 2013 - 10:59am 1 comment
Shares of mainland property stocks fell across the board yesterday after the top economic planning agency indicated "concrete action" would be taken this year to extend a trial property tax to more cities.25 May 2013 - 2:53am
Mainland developers recorded higher debt ratios and falling net profit last year amid stringent controls on the housing market, a survey has found. The research, which surveyed 184 mainland developers, all listed in Hong Kong, Shanghai or Shenzhen, was conducted by the China Real Estate Research Association, China Real Estate Association and China Real Estate Appraisal.25 May 2013 - 5:24am
The current Buyers Stamp Duty (BSD) is only really effective in a rising market and a more equitable form of tax such as a Capital Gains Tax (CGT) now needs to be planned for and implemented as a replacement as the market corrects.15 May 2013 - 3:06am 1 comment
The central government has issued a fresh warning that it will roll out a property tax trial across the nation to rein in any sharp rises in home prices. In the latest sign that it remains determined to keep the lid on prices, the State Council announced yesterday after a meeting chaired by outgoing Premier Wen Jiabao that it would stick with austerity measures to ensure healthy growth of the housing sector. The warning comes in the wake of recent price rises.21 Feb 2013 - 5:19am
Property tax can stamp out 'dirty dealings'
I refer to the report ("Sparks fly in talks on new taxes", December 22).
It is evident that major property developers' old ways of enabling redevelopment projects will no longer work.29 Dec 2012 - 1:45am
China's economic growth may accelerate to 8 per cent next year, with the new leadership maintaining macroeconomic policies but focusing more on promoting social equality.28 Nov 2012 - 2:34am
Hong Kong has for many years traded on the idea that it is Asia's global city, a welcoming home and gateway for foreign business to work in China and Southeast Asia.
It is the equivalent of London for Europe, New York for North America and Dubai for the Middle East.6 Nov 2012 - 2:25am
House prices in recession-hit Italy's tourist resorts, such as Capri, fell more than in the biggest cities this year due to investors' concerns about the economy and higher property taxes, a research institute said.10 Oct 2012 - 2:21am
A flood of top-end properties are hitting the market as business people seek to leave France before stiff tax rises hit, real-estate agents and financial advisers say.8 Oct 2012 - 2:29am
With half of the city's new flats supplied by a few major developers, small to medium-sized property companies want more small plots auctioned off to help them compete against their bigger rivals.
SCMP, October 34 Oct 2012 - 2:36am 1 comment