India  

Hong Kong scraps property taxes to revive sluggish market

IndiaTimes Wednesday, 28 February 2024
Hong Kong's finance minister, Paul Chan, canceled three major property transaction taxes to revive the weak housing market. The cancellation aims to boost the Hong Kong economy, attract tourists, relax mortgage rules, increase trading volume, and stimulate property prices for overall economic revival.
0
shares
ShareTweetSavePostSend
 
Video Credit: AFP English - Published
News video: Hong Kong scraps property taxes to revive market

Hong Kong scraps property taxes to revive market 01:08

Hong Kong has axed three major property transaction taxes in a bid to revive its depressed housing market, reversing measures introduced more than a decade ago to curb speculation and rein in sky-high prices.

You Might Like


Related videos from verified sources

Republican Proposal in Florida Aims to End Property Taxes in the State [Video]

Republican Proposal in Florida Aims to End Property Taxes in the State

Republican Proposal in , Florida Aims to End , Property Taxes in the State. 'Newsweek' reports that a new proposal in Florida could eliminate property taxes, while also increasing the state's sales..

Credit: Wibbitz Top Stories     Duration: 01:31Published
Scammers Use Deepfakes to Steal $25.6 Million From Company in Hong Kong [Video]

Scammers Use Deepfakes to Steal $25.6 Million From Company in Hong Kong

Scammers Use Deepfakes to Steal , $25.6 Million From Company in Hong Kong. In Hong Kong, a finance worker for an unnamed multinational firm was tricked into paying bad actors $24.6 million, Engadget..

Credit: Wibbitz Top Stories     Duration: 01:30Published