Cooling Hong Kong’s property bubble

We ask readers in our latest poll about the causes of Hong Kong’s rising property prices.

Cooling Hong Kong’s property bubble

Hong Kong moved to cool its property market last week by introducing new taxes to discourage speculators from the mainland.

John Tsang, the city’s financial secretary, told the media on Friday that the government would increase the stamp duty for sellers who flip their property within three years, as well as imposing an additional 15% stamp duty on all non-resident buyers.

The second measure is aimed at curbing speculative demand from mainland...

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