Tag: prices
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Less HongKongers Feel Interested in Buying Property Since New Policy Launched
HongKonger’s interest in buying property has fallen by 5% from 24% down to 19% since the Government has increased the stamp duty on non-resident buyers. The Monetary Authority made its own attempt to cool property prices in September, by making second mortgages harder to get. The ceiling for monthly payments on a second mortgage was…