Hong Kong home prices dropped about 9 per cent from their peak in July last year to December, according to data released by the Rating and Valuation Department. Photo: Reuters

Help for first-time homebuyers in Hong Kong: critics hit out at proposal to waive stamp duty on flats valued below HK$6 million

  • Taxation Institute of Hong Kong made proposal ahead of budget on February 27
  • Waiver would only be for permanent residents buying their first flat
Topic |   Hong Kong housing

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Hong Kong home prices dropped about 9 per cent from their peak in July last year to December, according to data released by the Rating and Valuation Department. Photo: Reuters
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