Buyer’s Stamp Duty – Charm

Number of deals involving non-local homebuyers in Hong Kong more than triples

Cs news2 months ago02 mins

The number of deals involving non-local homebuyers in Hong Kong has more than tripled over the past two years, official data shows, a jump that experts have attributed in part to the government’s scrapping of property market cooling measures. But the number of transactions by local buyers increased by only 14 per cent between 2023-24…

Hong Kong homes lost US$61.7 billion of value after removal of curbs: Centaline

Cs news4 months ago02 mins

The removal of property curbs a year ago has failed to support home prices, as the market value of private residential properties in Hong Kong was down by HK$480 billion (US$61.7 billion) since February 2024, Centaline Property said on Thursday. The withdrawn measures included the Buyer’s Stamp Duty that targeted non-permanent residents and a New…