Relevant:
- H.K. Builders Fall as Non-Locals Property Tax Imposed
- China Beckons Cashed Up Hong Kong Developers as Mainland Rivals Squeezed
- Hong Kong Property Slump Worries Investors
- Hong Kong Developers Seek Homebuyers Over Easter Weekend as Prices Waver
- Hong Kong Is World's Most Expensive Place to Buy Home on Property Shortage
2016-11-07 — bloomberg.com
``Now that foreigners, including all-important mainland Chinese buyers, must pay a 30 percent stamp duty to buy overpriced shoeboxes, transactions could drop by 70 percent, Bloomberg News reported. Weaker demand might jolt earnings of the city's developers. That's what the biggest drop in 16 months in Cheung Kong Property Holdings Ltd.'s shares suggested Monday.''
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