Nov 4, 2016
- The government raised the stamp duty to 15% for all residential purchases, except for 1st time buyers who are permanent residents, effective Saturday.
- Expects prices to rise between 3% and 5% in both 2017 and 2018.
- A unit of HNA Group Co this week outbid Hong Kong developers with an HK$8.84 billion (S$1.5 billion) offer to buy land in the former Kai Tak airport area, the highest price paid at a government land sale in 3½ years.
- Read Full Article at http://www.straitstimes.com/business/property/hong-kong-steps-up-efforts-to-cool-worlds-highest-home-prices