{"id":4298,"date":"2017-04-12T09:42:42","date_gmt":"2017-04-12T01:42:42","guid":{"rendered":"https:\/\/www.spacious.hk\/en\/blog\/?p=4298"},"modified":"2019-09-02T10:05:44","modified_gmt":"2019-09-02T02:05:44","slug":"412-news-roundup-stamp-duty-policy-tightened-for-multiple-flats-loophole-eight-regency-to-announce-price-list-later","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/412-news-roundup-stamp-duty-policy-tightened-for-multiple-flats-loophole-eight-regency-to-announce-price-list-later","title":{"rendered":"4\/12 News Roundup: Stamp Duty Policy Tightened for Multiple Flats Loophole, Eight Regency to Announce Price List Later"},"content":{"rendered":"<p><strong>Stamp Duty Policy Tightened for Multiple Flats Loophole<br \/>\n<\/strong>The government has further tightened its housing policy by announcing yesterday that if a buyer acquires more than one flat using just one document, the properties will be subject to a 15% stamp duty. The move, which came into effect from midnight, is aimed at plugging a loophole in which locals can use the first- time buyer&#8217;s identity to evade 15% stamp duty by buying several flats with one document. Financial Secretary for Transport and Housing Anthony Cheung Bing-leung said transactions involving the acquisition of several flats with one document have gone up from an average 3.5% of the total transactions to 4.7% after the introduction of new cooling measures in last November. Secretary Paul Chan Mo-po cited figures showing the number of cases of buying multiple flats in one agreement had jumped from about 50 in February to about 180 in March.<\/p>\n<p><strong>Eight Regency to Announce Price List Later<br \/>\n<\/strong>Following the announcement of the tightened double stamp duty policy, Cheung Kong Property extended the sales hours for its residential projects, <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/mong-kok\/the-zumurud\">The Zumurud<\/a> in Ma Tau Kok and <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/wu-kai-sha\/Seanorama\">Seanorama<\/a> in <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/ma-on-shan\">Ma On Shan<\/a>. Sun Hung Kai Properties has also delayed the launch of its price list for <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/tuen-mun\/eight-regency\">Eight Regency<\/a> in <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/tuen-mun\">Tuen Mun<\/a> by one day to tomorrow. Meanwhile, Sun Hung Kai opened the show flat of Eight Regency yesterday and would open for public for the coming Easter holiday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stamp Duty Policy Tightened for Multiple Flats Loophole The government has further tightened its housing policy by announcing yesterday that if a buyer acquires more than one flat using just one document, the properties will be subject to a 15% stamp duty. The move, which came into effect from midnight, is aimed at plugging a loophole in which locals can [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[129,68,67,130],"class_list":["post-4298","post","type-post","status-publish","format-standard","hentry","category-hong-kong-property","tag-government","tag-hot-news","tag-spacious-news","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/4298","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=4298"}],"version-history":[{"count":0,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/4298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media\/4301"}],"wp:attachment":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media?parent=4298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/categories?post=4298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/tags?post=4298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}