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Hong Kong plugs property tax loophole amid home-buying spree

Thu, Apr 13, 2017 - 5:50 AM

Hong Kong

HONG KONG'S government tightened property rules for the second time since last November to shut a loophole that allowed investors to snap up multiple units in one shot to qualify for lower tax rates.

Under the new rules, first-time home buyers acquiring more than one...

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