Hong Kong’s October stamp duty income jumps as non-resident property buyers pile in to pick up bargains amid oversupply

• Buyers stamp duty, a 15 per cent surcharge on the price of a property that must be borne by non-permanent Hong Kong residents and corporate buyers, soared 2.8 times last month to HK$880 million (US$112.4 million)
• The number of transactions jumped 1.8 times to 296, according to data by the Inland Revenue Department