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Mong Kok,Hong Kong - August 26, 2012: A Hong Kong people were walking in the streets, a real estate agency door plastered all kinds of rental and sales of advertising.Real Estate Research data show that the rapid increase in Hong Kong, Mainland China individual buyers to purchase private residential ratio peaked in the third quarter of 2011, accounting for 42% of the total number of transactions, turnover accounted for more than half, 51%.Hong Kong SAR Government decided to introduce new measures for the property market since October 27, 2012. Raise speculation of additional stamp duty will be levied on the additional stamp duty of 20% of the transaction price, buy property within six months changed hands. In addition, the non-permanent Hong Kong residents and corporate buyers have to impose an additional stamp duty of 15%.
For the real estate market, the Hong Kong SAR Government to take a relaxed attitude, even in a period of rising prices, forced by the pressure of public opinion, but also to take a more economic regulation and control means (such as the current high rate of stamp duty), and do not want to implement restrictive means of administrative intervention. According to statistics, due to the influx of foreign investors in the markets of Hong Kong, Hong Kong identity card to purchase residential total turnover ratio, from 3.1% in 2008 to 6.5% in 2011, primary residential in 2011 reached 19.5%.