An estate agent marks down the asking price of a flat in Quarry Bay yesterday. Sales have slumped since cooling measures kicked in, despite owners cutting prices. Photo: Sam Tsang
An estate agent marks down the asking price of a flat in Quarry Bay yesterday. Sales have slumped since cooling measures kicked in, despite owners cutting prices. Photo: Sam Tsang
Hong Kong

Flat sales slump since new stamp duty

100 homes in secondary market change hands in past week, down 28pc, as many owners refuse to bow to buyers' demand for big discounts

Topic |   Hong Kong stamp duty
Peggy SitoPhila Siu
Peggy Sito  and Phila Siu

Updated: 4:22am, 13 Nov, 2012

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An estate agent marks down the asking price of a flat in Quarry Bay yesterday. Sales have slumped since cooling measures kicked in, despite owners cutting prices. Photo: Sam Tsang
An estate agent marks down the asking price of a flat in Quarry Bay yesterday. Sales have slumped since cooling measures kicked in, despite owners cutting prices. Photo: Sam Tsang
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