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Hong Kong's latest round of property measures to curb speculation by foreign buyers is likely to have a minimal impact on cooling sky-high prices in the island-state, say experts, with tight supply conditions and demand from local homebuyers preventing any large declines in home values.
ReplyDeleteThe government announced its third set of measures in two months late on Friday. They included a 15 percent tax for overseas buyers and non-local companies and a 5 percent rise in stamp duty on property transactions with the period for which the tax is applicable extended from two to three years... Read More about this on the forum