Help for first-time homebuyers in Hong Kong: critics hit out at proposal to waive stamp duty on flats valued below HK$6 million

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Hong Kong home prices dropped about 9 per cent from their peak in July last year to December, according to data released by the Rating and Valuation Department. Photo: Reuters

  • Taxation Institute of Hong Kong made proposal ahead of budget on February 27
  • Waiver would only be for permanent residents buying their first flat

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Hong Kong housing

Naomi Ng


Naomi Ng

 

Updated: Wednesday, 13 Feb, 2019 10:06pm

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Hong Kong home prices dropped about 9 per cent from their peak in July last year to December, according to data released by the Rating and Valuation Department. Photo: Reuters

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