Seeking Alpha

Along with China renewing its push for property curbs is Hong Kong which last night doubled to...

Along with China renewing its push for property curbs is Hong Kong which last night doubled to 8.5% the transfer tax on property costing more than $258K (likely about 100% of transactions!). This comes following an earlier move to widen the transfer tax to include commercial purchases. EWH +1.9% YTD.
From other sites
Comments (1)
  • rcpatrick5443
    , contributor
    Comments (728) | Send Message
     
    For the wealthy people looking to buy property in Hong Kong, I doubt that a transfer tax of 8.5% is likely to deter buyers.
    22 Feb 2013, 10:17 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector