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Category Archives: Housing Policy
Property tax not worth the price
The new administration is showing two worrying signs. One is government by knee- jerk response to problems, driven, it seems, by a desire for popularity. It suggests that while Leung Chun- ying is aware of issues which need to be … Continue reading
Tough measures, more housing supply are both needed
As the saying goes, desperate times call for desperate measures. With the third round of quantitative easing (QE3) kicking in, bringing an overflow of hot money into Hong Kong’s property market, our financial chief John Tsang pulled no punches in … Continue reading
Posted in Finance, Housing Policy
Tagged buyer stamp duty, compare with other countries, singapore failed
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We like discrimination in principle. But will it work?
Clearly I’m way out of step. I’ve just been looking through what has to be a record mailbag in response to Monitor’s two columns last week about the new tax on nonresident buyers of Hong Kong homes. Prices will not … Continue reading
New rule to plug stamp duty dodge
A legal clause will be introduced soon to plug a loophole that allows homebuyers to evade the new 15 per cent stamp duty on purchases, the government announced last night. The announcement came on the back of news spreading among … Continue reading
Regulation not intervention
Market opinions on the SAR government’s tough measures to regulate the housing market have been mostly favorable, but there are also detractors who have labeled the move as “intervening in market operation”. Secretary for Finance John Tsang responded to such … Continue reading
Government Must Insist on Curbing Property Speculation
【明報專訊】SINCE the government’s upward revision of the special stamp duty and introduction of a new buyer stamp duty, transactions in the property market have plunged. Over the past weekend, only 16 units were sold in the primary market, down 80 … Continue reading
Property tax might lead to exodus of foreign citizens
Hong Kong has for many years traded on the idea that it is Asia’s global city, a welcoming home and gateway for foreign business to work in China and Southeast Asia. It is the equivalent of London for Europe, New … Continue reading
Caesar’s Wife Must Be Above Suspicion
【明報專訊】EXECUTIVE COUNCILLOR Franklin Lam Fan-keung is under fire for having sold two properties just before the government’s recent introduction of two measures to discourage speculation in the property market. A conflict of interest is suspected. From what has been disclosed … Continue reading
Posted in Housing Policy, Integrity
Tagged conflict of interest, credibility, politically sensitive
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空殼公司注物業 鍾楚義破政府新招
政府上周末提高印花稅來打擊樓市，但幾天內已被發展商破招，利用政策漏洞協助買家避稅。《經濟日報》引述消息指，資本策略(00497)旗下專攻豪宅市場的尚家生活（Couture Homes Limited），已將位於跑馬地的屋苑The Hampton兩個單位，注入一間空殼公司，買家只要購入該公司的股權，就能透過內部轉讓成為兩個單位的業主，逃過直接買樓的的稅項。 資本策略的主席鍾楚義，曾是中策前主席黃鴻年、電盈主席李澤楷的得力軍師，在資本市場打拼近30年，財技高超。資本策略本主攻商業物業，但去年透過尚家生活，開始涉足豪宅市場，主打市區精品豪宅。 據悉，項目現餘兩伙待售，包括2樓A室（連裝修定價9,300萬元）及1樓全層（定價約1.8億元），發展商以內部轉讓形式注入子公司，當中發展商只須繳交釐印費（4.25%），分別約395萬及765萬元（費用日後可反映在樓價內）。完成轉名後，日後採用股權轉讓形式，即使賣給內地客，也不用繳付15%BSD稅，以1樓為例BSD稅可達2,700萬元，相差約2,000萬。 報道指這種避稅方法只適用於細規模豪宅物業，購買一千萬以下中價樓的買家，不太可能負擔以公司名義持有物業所需的會計費用。政府兩年前推出額外印花稅（SSD）後，這個做法在二手樓市場甚為盛行，不少投資者均以此法入市，但發展商就較為罕見。 連結： 經濟日報–發展商「化整為零」 破解辣招 The Hampton餘貨注新公司 股權轉讓售 蘋果日報–The Hampton破招 「公司」名義清貨
A Good Time for the Bond Market Development
【明報專訊】LAST FRIDAY, the government took action to dampen speculation in residential flats, and the ensuing weekend saw the property market rapidly cooling down, with the number of property sales drastically reduced. However, this does not mean that the danger of … Continue reading
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