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
Destination Ink Radisson For Patong HotelCategory: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]