Tag: Chinese buyers shun Hong Kong properties
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Higher prices due to higher taxes? Buying continuing yeah.
What happens when additional property related taxes are levied on foreigner buyers? Well, it’s supposed to start deterring foreigners from buying indiscriminately. Singapore introduced cooling measures in July 2018 because it did not want property prices to rise indiscriminately. These included raising stamp duties for second homes, tightening loan-to-value limits for housing loans granted by…