News Headline Summary

HK developers may submit stamp duty proposal, according to Hong Kong Economic Journal

- Suggestions will likely include waiving duties on luxury units and local residents purchasing property using company names.

Update details:

- At the end of the last month, a Hong Kong government official said Hong Kong is to raise special stamp duty for property which is a "Buyer's Stamp Duty" of 15% on any person who is not a Permanent Resident (PR) and buys a home in HK.

Print 00:03, 22 Nov 2012 - Asian News - Source: Hong Kong Economic Times