{"id":3477,"date":"2016-12-16T10:00:37","date_gmt":"2016-12-16T02:00:37","guid":{"rendered":"http:\/\/www.spacious.hk\/en\/blog\/?p=3477"},"modified":"2019-09-02T11:07:20","modified_gmt":"2019-09-02T03:07:20","slug":"1216-news-roundup-property-shares-plunged-after-us-feds-rate-hike-novembers-stamp-duty-cases-surged","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/1216-news-roundup-property-shares-plunged-after-us-feds-rate-hike-novembers-stamp-duty-cases-surged","title":{"rendered":"12\/16 News Roundup: Property Shares Plunged After US Fed&#8217;s Rate Hike, November&#8217;s Stamp Duty Cases Surged"},"content":{"rendered":"<p><strong>Property Shares Plunged After US&nbsp;Fed&#8217;s Rate Hike<\/strong><br \/>\nShares plunged in Hong Kong yesterday led by property firms, following the US Federal&#8217;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 &#8211; Properties dropped 2.6% at the close. Among all the property shares, Cheung Kong Property (1113) fell 2.43% to HK$50.25, while New World Development (0017) tumbled 2.80% to HK$8.33. Sino Land (0083) sank 2.35% to HK$11.66.<\/p>\n<p><strong>November&#8217;s Stamp Duty Cases&nbsp;Surged<br \/>\n<\/strong>According to statistics from the Inland Revenue Department, cases of stamp duties including Special Stamp Duty (SSD), Buyer&#8217;s Stamp Duty (BSD) and Double Stamp Duty (DSD) in November have all increased and the total revenue reached HK$3.45 billion, 2.7% higher than the previous month. The number of cases of DSD reached a peak of 4,995, a 27% surge&nbsp;from October while BSD cases increased 50% to 494 compared with previous month&#8217;s data.<\/p>\n<p>For more information on property news and prices, please visit our website at&nbsp;<a href=\"https:\/\/www.spacious.hk\/zh-tw\" target=\"_blank\" rel=\"dofollow noopener noreferrer\">https:\/\/www.spacious.hk\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property Shares Plunged After US&nbsp;Fed&#8217;s Rate Hike Shares plunged in Hong Kong yesterday led by property firms, following the US Federal&#8217;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 &#8211; Properties dropped 2.6% at the close. Among all the property shares, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3479,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[108,69,68,126,82,67,130],"class_list":["post-3477","post","type-post","status-publish","format-standard","hentry","category-hong-kong-property","tag-equity","tag-headline","tag-hot-news","tag-international","tag-market","tag-spacious-news","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/comments?post=3477"}],"version-history":[{"count":0,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media\/3479"}],"wp:attachment":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media?parent=3477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/categories?post=3477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/tags?post=3477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}