HKMA vs. HK Property Market

HKMA has announced it has doubled the ad valorem stamp duties on both residential and non-residential properties.

Here is Bloomberg’s take on the matter, SCMPs take and FT’s take.

It is to the surprise of some and to no surprise of others. Please follow the link and give it a read, it’s quite an entertaining alternative. Hong Kong’s own “corporate crusaderDavid Webb has presented an “Alternative Budget Speech, 2013”. It’s a shame because the news of doubling stamp duties may take over the spotlight from Hong Kong’s shortage of baby formula epidemic, or I may be wrong.

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