Property: Don't get too excited
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1. What do you think was the most significant thing that happened this week?
On Friday morning, the government sparked a property stock rally as it announced a series of tweaks on the residential property market.
One notable change is in the seller's stamp duty (SSD) measures, last tightened in 2011. Homeowners who buy houses from today only need to wait three years instead of four to avoid the SSD when they sell their properties. If they can't wait, they will also pay less in tax - some four percentage points less, compared to homeowners who bought their properties yesterday.
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