| Hong Kong’s latest round of property measures to curb speculation by foreign buyers is likely to have a minimal impact on cooling sky-high prices in the island-state, say experts, with tight supply conditions and demand from local home-buyers preventing any large declines in home values.
The government announced its third set of measures in two months late on Friday. They included a 15 percent tax for overseas buyers and non-local companies and a 5 percent rise in stamp duty on property transactions with the period for which the tax is applicable extended from two to three years...............................................Full Article: Source
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