Tue, Sep 2, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Commercial property Watch, Finance more

Stamp duty chokes sales of Hong Kong commercial property

Posted on 08 May 2013

Commercial property deals in the city fell sharply over the past three months as short-term investors shied away after the doubling of stamp duty on the purchase of both residential and non-residential properties.
“Buyers held off in the hope that vendors would cut their asking prices to compensate for the increased investment cost caused by the doubled stamp duty,” the executive director of Asia investment services at agency Colliers International, Antonio Wu, said. “But vendors were reluctant to cut the prices as they are still enjoying high rental yields.”……………………………………….Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930