The legislation would double the stamp duty on purchases of all property valued at more than HK$2 million. Photo: BloombergThe legislation would double the stamp duty on purchases of all property valued at more than HK$2 million. Photo: Bloomberg
The legislation would double the stamp duty on purchases of all property valued at more than HK$2 million. Photo: Bloomberg

Property market jitters possible amid uncertainty over law to double stamp duty

Uncertainty over legislation risks weakening market confidence, warn industry observers

The legislation would double the stamp duty on purchases of all property valued at more than HK$2 million. Photo: BloombergThe legislation would double the stamp duty on purchases of all property valued at more than HK$2 million. Photo: Bloomberg
The legislation would double the stamp duty on purchases of all property valued at more than HK$2 million. Photo: Bloomberg
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