Hong Kong: Acting Financial Secretary says increased stamp duties are working to cool Hong Kong’s runaway property market
Chan Ka-keung tells Asian Financial Forum, which started in Hong Kong on Monday, the 15pc stamp duty was urgent to put the brakes on a dangerously overheating market The government’s increased stamp duty on property transactions for non-first-time buyers (to 15 from the lowest rate of 1.5 per cent) introduced in November has cooled the Hong Kong property market. Read more on: www.scmp.com
Source : Hong Kong: Acting Financial Secretary says increased stamp duties are working to cool Hong Kong’s runaway property market