Luxury Real Estate Blog and News

South Korea looks to cool property market with tax rise

July 04, 2018 - South Korea
The ruling South Korean government is moving forward in its plans to raise property taxes, a campaign promise of President Moon Jae-in.

Developers are hoarding flats, aggravating Hong Kong’s home shortage

June 20, 2018 - Hong Kong
A group of developers in Hong Kong are disputing suspicion that they are hoarding flats, an act anathema to the government’s efforts to address the housing affordability crisis.

Tax to be imposed on idle flats in Hong Kong

June 12, 2018 - Hong Kong
Sources say the Hong Kong government has decided to impose a vacancy tax on property developers that hold on to completed units, RTHK reports.

Who pays the highest property taxes in Hong Kong?

March 22, 2018 - Repulse Bay
The owner of a 25,000 square feet super deluxe house at 89 Repulse Bay Road will pay an annual government tax of about HK$655,500 for the next financial year.

Vancouver's Hot Housing Market Gets Tougher for Wealthy Chinese

February 21, 2018 - Vancouver
Vancouver, one of the hottest housing markets in North America, is getting a little tougher for wealthy Chinese buyers.

HK resident bought Masterpiece, paying lifted stamp duty of HKD 23 million

November 10, 2016 - Tsim Sha Tsui
A 4-room duplex unit at Flat H, 63 & 65/F, Masterpiece, Tsim Sha Tsui, with a saleable area of 3,855 sq ft, has been sold through tender for HKD 155 million, or HKD 40,208 per sq ft.

7 transactions in 10 major estates over weekend under lifted stamp duty

November 09, 2016 - Hong Kong
The government lifted the Double Stamp Duty to 15% last Friday, affecting the secondary residential market.

Hong Kong raises stamp duty on second home purchases to 15%

November 08, 2016 - Hong Kong
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.

Tax change boosts home sales in Scotland

July 13, 2016 - Scotland
Property tax change had boosted Scottish home sales with a rise in transactions of 11% year on year but prices are down 7.8% compared to 12 months ago.

Developers confident of disposing units before ABSD deadline

March 29, 2016 - Singapore
Some developers in Singapore are optimistic they can sell all the remaining units in their private residential projects before the stipulated deadline.