| 09.12.2010 - Hong Kong: Anti-property speculation moves effective |
| From Ibtimes.com: Hong Kong's new anti-speculation moves are taking effect as exuberance in the residential property market has cooled in recent weeks, officials said on Wednesday. Speaking to lawmakers on Tuesday, acting Financial Secretary Prof KC Chan said as the Special Stamp Duty is applicable to all residential units regardless of size or value, there should not be capital switching from the luxury market to the mass market..............................................Full Article: Source |