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Hong Kong scraps property taxes to revive sluggish market

HONG KONG (AFP) – Hong Kong has axed three major property transaction taxes in a bid to revive the depressed housing market, finance minister Paul Chan said in his annual budget speech Wednesday. The finance hub’s economy was initially buoyed by China’s post-pandemic reopening but recovery has since slowed and residential property prices are at […]

Hong Kong scraps property taxes to revive housing market

Hong Kong scraps property taxes to revive sluggish market

Hong Kong has axed all property transaction taxes in a bid to revive the depressed housing market, finance minister Paul Chan said in his annual budget speech Wednesday. The finance hub's economy was initially buoyed by China's post-pandemic reopening but recovery has since slowed and residential property prices are at…

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