Property Investment – Australia – No foreigners, mate

A new survey shows a majority of Sydney residents are opposed to foreign property ownership after a surge in Chinese purchases and skyrocketing prices By Helen Clark A new University of Sydney report published in the Australian Geographer journal shows that a majority of Sydney residents are opposed to foreign property ownership, as prices in … Continue reading Property Investment – Australia – No foreigners, mate

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London – world No1 property market

The lure of Brexit bargains saw investors from the Asia splurge on real estate, with Tokyo also regaining a top five slot By Ben Richardson London retook New York’s spot as the world’s hottest center for real estate transactions in the first quarter as investors – especially from Hong Kong and China – swooped onto bargains … Continue reading London – world No1 property market

HK to raise home purchase stamp duty to 15%

Hong Kong will raise stamp duties on property transactions for the first time in three years, the latest effort to check an overheated property market buoyed by capital inflows from China

  By Oswald Chan HONG KONG - Chief Executive Leung Chun-ying is taking additional steps to cool the world’s costliest property market - where prices have rebounded after a short-lived dip. On Friday, the government raised stamp duty to 15 percent for all residential purchases, except for first-time homebuyers who are permanent residents, effective on … Continue reading HK to raise home purchase stamp duty to 15%