A view of the construction site of YOHO Town in Yuen Long. Mainland buyers for luxury flats have dried up since January. Photo: Paul Yeung

Developers turn to small flats as stamp duty bites

As deals for luxury homes drop sharply due to double stamp duty, smaller units will dominate new developments

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A view of the construction site of YOHO Town in Yuen Long. Mainland buyers for luxury flats have dried up since January. Photo: Paul Yeung
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