Insights
Tag: stamp duty
John Tsang reminds the public to beware of hot sentiment
20 July 2014 - The Financial Secretary of Hong Kong, John Tsang Chun-wah, recently expressed in his blog that he is relieved that the Double Stamp Duty was approved by Legco within the 2014 Legislative Session. Tsang mentioned that demand in the property market has eased after implemention of the Special Stamp Duty, Buyer Stamp Duty and Double Sta
Double Stamp Duty approved by Legco
16 July 2014 - The Double Stamp Duty has been approved by Legco, 17 months after being proposed. The additional stamp duties will be retroactively applied. These have been collected since February of last year and will now be transferred to the government. The measure was introduced as an attempt to cool Hong Kong's property market. For the full a
John Tsang: Ease of “tough measures” might reinvigorate market’s excitement
30 June 2014 - The Financial Secretary of Hong Kong, John Tsang Chun-wah, recently stated in his blog that due to the ongoing low interest rate environment and tight supply for commercial and residential properties, property prices have soared irrationally and have been showing “bubble-like conditions” over the past few years. The market generally
CY’s report card criticised for ‘hiding evils’
25 June 2014 - “Significant progress” has been achieved on tackling the city’s housing shortage and fighting poverty, Chief Executive Leung Chun-ying said yesterday as he announced the release of an annual report covering his second year as the city's leader. SCMP reported that some political parties said the report is too glossy, appearing to be
Second reading of Double Stamp Duty Proposal to be held in July
24 June 2014 - On 22 February 2013, the Financial Secretary announced the Government would amend the Stamp Duty Ordinance by adjusting the ad valorem stamp duty rated (ie. Double Stamp Duty Proposal). The proposal attracted much criticism and is still under review as a result. The Hong Kong Economic Times reported that with over a year for deliber
Guide for Renting an Apartment in Hong Kong
Searching for properties can be challenging in Hong Kong. With a few exceptions, all land in Hong Kong is owned by the government. Given the size of Hong Kong’s 7 million population and limited land allowed for development, property prices are often shocking to newcomers. The average family dwelling is a 400 square-feet small apartment and approx
OKAY.COM App
Let's Connect
Signup to receive the latest properties
15/F, Wilson House, 19-27 Wyndham St., Central, Hong Kong
+852 2102 0888
© 2024 Okay Property Agency LimitedEAA License Number C-036846All Rights Reserved