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New Projects Transactions Cooled Down, Homantin Hillside Buyer Abandoned HK$1.64m Deposit
Hong Kong Property | November 21, 2016
New Projects Transactions Cooled Down During Weekend
The 15% double stamp duty measure is making first time buyers more hesitant. During the past weekend, over 24 units were sold from new projects. An independent house of Yuen Long’s La Mansion, for which Cheung Kong has provided double stamp duty discount, was sold at HK$19 million.
Homantin Hillside Buyer Abandoned HK$1.64m Deposit
The government’s cooling measure continues to affect first hand market. A prospective buyer pulled back from a HK$32.8-million, 1,255-square-foot flat at Homantin Hillside from Wing Tai Properties and Nan Fung Group. That meant the buyer has forfeited a deposit of about HK$1.64 million.
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