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
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

Topic |   Hong Kong property
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
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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