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New Tax On Non-Resident Property Buyers

Category: Real estate, Posted:16 Nov 2012 | 06:00 am

In an attempt to cool off skyrocketing property prices, Hong Kong has instituted a 15% stamp duty on non-resident purchasers.
It's estimated that apartment prices in the SAR have moved up by as much as 20% within this year.
Previous efforts to stem the tide of hyper real state appreciation had focused on wider limitations on mortgage lending.
The key-purchasing group caught on the crosshairs of the new initiative is buyers from the Mainland who have been the main drivers of transactions

Other News

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Tattooed and Blue. Power to the People

Category: Opinion|Hotels, Posted:13 Aug 2020 | 09:23 am One of my favorite comments during a recent virtual design event I co-organized was from a hipster bar concept consultant who recalled a trend-seeking client, sporting an epic brief that included finding a bartender with tattoos. The more tattoos the better. Ironic? Yes. I do get the ink thing, but I also can vividly visualize […]
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Women in Hotels – Taking on the World

Category: Hotels, Posted:07 Aug 2020 | 11:50 am C9 Hotelworks and Delivering Asia Communications are hosting a special virtual event titled Women in Hotels – Taking on the World. The one-hour online is event is set for  Wednesday 19 August 2020 at 3:00 pm Bangkok / 4:00 pm Singapore / 9:00 am London. Participation is free. Sign up Ready. Set. Go. It’s 2020 […]
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Phuket’s Pavilions Headed To Palawan

Category: Real estate, Posted:06 Aug 2020 | 11:03 am Phuket born Pavions Hotels and Resorts has inked a deal for a 96-villa luxury resort in El Nido, Palawan, Philippines. The mixed use property will offer one and two bedroom villas and a twenty over-water villas with private pools. A series of hotel branded properties are being sold from USD250-500,000. An opening is expected in […]