Sino Land Won Central URA Project Sino Land outbid more than 20 other developers to win the Urban Renewal Authority (URA) project on Peel Street in Central. The URA said it received a total of 22 tenders – the highest number on record for one of its redevelopment projects. The URA did not reveal the amount of Sino Land’s winning […]

Double Stamp Duty Raised To 15% The government has raised the stamp duty on property transactions for non first-time buyers to 15%, effective November 5. This double stamp duty (DSD) only applied on individuals, corporate and overseas non-first-time buyers, charging 1.5% to 8.5% tax depending on the price of the property. The government claimed that this will help people who […]

Property Shares Plunged After US Fed’s Rate Hike Shares plunged in Hong Kong yesterday led by property firms, following the US Federal’s decision to raise interest rates and the possibility that there might be three rate increases next year.. The Hang Seng Index dived 1.77% to 22,059.40 while HSI – Properties dropped 2.6% at the close. Among all the property shares, […]