Hong Kong is the world’s least affordable major city to live in, and public housing is likely to be a key issue in the 2017 election for the city’s Chief Executive. Photo: Edward Wong

Hong Kong’s property stamp duty leaves a gaping loophole

Stamp duty to be levied on total price of homes sold, housing bureau says, allowing first-time buyers of multiple properties to skirt tax

Topic |   Hong Kong stamp duty

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Hong Kong is the world’s least affordable major city to live in, and public housing is likely to be a key issue in the 2017 election for the city’s Chief Executive. Photo: Edward Wong
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Peggy Sito

Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.