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Stamp duty hike an effective cooling measure, says HK housing secretary

Prof Cheung says that the effectiveness of the new stamp duty in cooling the residential property market is evident from the latest December and January statistics released by the government this month.

Hong Kong

THE Hong Kong government has pronounced its November 2016 increase in stamp duty on residential property transactions to a flat rate of 15 per cent as an effective cooling measure.

The declaration by Anthony Cheung Bing-leung, Secretary for Transport and Housing, on...

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