Hong Kong to raise stamp duties

Hong Kong to raise stamp duties
05/11/2016 , by , in INTERNATIONAL

Hong Kong will raise stamp duties on property transactions for the first time in three years, government officials said.

Stamp duties would be increased to 15% of the transaction value across the board, Leung Chun-Ying, Hong Kong’s chief executive said, flanked by other senior officials from his administration.

Hong Kong’s real estate is among the most expensive in the world. Government data showed home prices rising for six consecutive months to hit the highest level in nearly a year.

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