Shop owners are using the double stamp duty repeal to sell shops in less popular areas and to buy those in more profitable ones. Photo: Winson Wong
Shop owners are using the double stamp duty repeal to sell shops in less popular areas and to buy those in more profitable ones. Photo: Winson Wong

Hong Kong shop owners seek higher prices after scrapping of double stamp duty

  • Buyers are also more willing to meet sellers at higher price points as cancelled duty lessens financial burden
  • Sales of non-residential units rose 30.6 per cent month on month in December

Shop owners are using the double stamp duty repeal to sell shops in less popular areas and to buy those in more profitable ones. Photo: Winson Wong
Shop owners are using the double stamp duty repeal to sell shops in less popular areas and to buy those in more profitable ones. Photo: Winson Wong
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