Wednesday, October 1, 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   
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