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Hong Kong's home prices have hit another record high, increasing for the 17th straight month in August (2017).
According to market report, 2,554 cases and a total consideration of HKD 73.412 billion for primary luxury with values over HKD 12 million were recorded in the first 10 months this year.
The government lifted the Double Stamp Duty to 15% last Friday, affecting the secondary residential market.
Hong Kong’s top official has raised the property stamp duty for the second time in three years to tame soaring real estate prices in the world’s least affordable major city.
962 primary market transactions with value over HKD 20 million have been recorded in the first 8 months of the year, rising 25.4% from the 767 recorded in the same period last year.