A shuttered shop in Hong Kong’s Causeway Bay shopping district. Investors are expected to remain cautious despite Wednesday’s stamp duty relaxation as long as Covid-19 is casting a shadow on the market, according to one analyst. Photo: Nora Tam
Hong Kong’s small businesses welcome scrapping of double stamp duty on commercial property
- Starting Thursday, levies on non-residential property will revert to rates before February 2013
- Move could rescue some small businesses by allowing them to offload their assets in time, Danny Lau of Hong Kong Small and Medium Enterprises Association says
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Hong Kong property
A shuttered shop in Hong Kong’s Causeway Bay shopping district. Investors are expected to remain cautious despite Wednesday’s stamp duty relaxation as long as Covid-19 is casting a shadow on the market, according to one analyst. Photo: Nora Tam