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News New Stamp Duty Rules

New Stamp Duty Rules

Starting February 23, stamp duty for purchase of properties will be doubled unless you are a Hong Kong Permanent Resident buying your only property in Hong Kong. At the same time, the HK Monetary Authority is advising banks to do the stress-test for mortgage borrower using 3 per cent instead of the current 2 per cent. For details, please read the featured articles under Market Information of our web site. If you are not sure how this will affect your purchase, please check with your agent, banker and/or solicitor before you sign any agreement to purchase.