Wednesday, July 30, 2014   

Govt not easing property curbs
(05-13 18:17)

The government has insisted that proposed minor relaxations of its property cooling measures won't signal a winding down of the curbs.
The changes would extend the waiver period for obtaining a refund of the double stamp duty for people who sell their old flats after buying a new one.
Currently, the tax on the new property is only refunded if the old home is sold within six months of the signing of the provisional sales agreement. The change would give homeowners six months after their new purchase is completed.
The government's also proposing to exempt double stamp duty on parking spaces that are bundled together with flats.
Speaking during a Legco bills committee meeting, the Secretary for Financial Services, Ceajar Chan Ka-keung, the extra time being given to homebuyers is 'appropriate'. Chan stressed that it was necessary to maintain the current property tightening measures. --RTHK   
Other Hong Kong breaking news:
Elderly man hurt after falling from tree (07-29 18:20)
Anti-Occupy Central to march on Aug. 17 (07-29 17:16)
Lawmaker slams MTR over delay (07-29 17:15)
CE: govt should oppose Occupy Central (07-29 16:42)
Group seeks penalties on pier works (07-29 15:17)
Hammer Hill Road swimming pool closed as faeces found (07-29 12:37)
HKMA warns of fraudulent website (07-29 12:20)
1,000 minibuses join anti-Occupy campaign (07-29 12:16)
Delay in MTR services (07-29 11:48)
CE 'polarizing society' with signature (07-29 11:45)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.