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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.
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Comments (1)
  • rcpatrick5443
    , contributor
    Comments (823) | 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
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