(SNA)Hong Kong pulls welcome mat for foreign property buyer while Singapore fails to take bold steps to curb foreign...

The Globe and Mail, 29 Oct 2012 Hong Kong’s new anti-foreigner property tax may catch on elsewhere. Battling the effects of cheap money and capital flight, the territory’s authorities have slapped a 15-per-cent stamp duty on buyers without a permanent resident’s card. Though the move will have unintended side effects, its political logic could prove appealing in other urban hot spots. The new special stamp duty is aimed squarely at the other driver of Hong Kong property inflation: Chinese buyers. Investors from the mainland seeking a safer place to park spare cash have become an increasing feature in recent years. In 2008, non-residents bought one in 17 of Hong Kong’s newly-built properties. Last year, they snapped up one in five. Full story Related: Housing Minister Khaw remains nonchalant as public housing prices record new high in Q3

Full article: http://singaporenewsalternative.blogspot.com/2012/10/hong...

Tweets

SCED's speech at Hong Kong Festival 2012: ASEAN...

7thspace.com 31 Oct '12, 11am

Limited copyright is granted for you to use and/or republish any story on this site for any legitimate media purpose as lo...

Hong Kong, Macau, Kuala Lumpur, Singapore,

tra.velne.ws 31 Oct '12, 9am

read later... 12 Points 0 Comments Read Next → (6 Points) Village Fliess ×

Google Maps Navigation Comes To Singapore And H...

androidpolice.com 01 Nov '12, 12am

If you've ever found yourself lost in Singapore or Hong Kong, then I'm sorry. I hear that if you run into the wrong part o...

Employment of Foreign Talents: locals are under...

sgpolitics.net 01 Nov '12, 1am

Employment of Foreign Talents: locals are undermined November 1, 2012 by admin Filed under: Current Affairs and Politics (...

Roles of Hong Kong and Singapore complementary ...

info.gov.hk 31 Oct '12, 12pm

Being among the world's leading trade and logistics hubs, following the common law system and adopting internationally rec...

Hong Kong named top financial center for 2nd year in WEF report followed by USA, Britain, Singapore, Australia, Canada

Hong Kong named top financial center for 2nd ye...

reuters.com 31 Oct '12, 7am

LONDON | Wed Oct 31, 2012 3:05am EDT LONDON (Reuters) - Hong Kong was named the world's top financial center for the secon...

[Wong Wee Nam]: Housing is a basic need, it is a consumption. But when it is treated as a speculative investment,...

[Wong Wee Nam]: Housing is a basic need, it is ...

yoursdp.org 02 Nov '12, 7am

Housing is a basic need, it is a consumption. But when it is treated as a speculative investment, it becomes a source of s...

The Malaysia Property Awards 2012 #fiabci #prop...

eforericyong.blogspot.com 10 Nov '12, 4pm

<br/>&am...

(SNA)OPINION: Employment of Foreign Talents: lo...

Cases of cost cutting by Singapore employers in their recruitment of foreign PMETs to replace their local workforce are be...

SHALL WE GO THIS FOR MONDAY!!!

deal.com.sg 02 Nov '12, 2am

48% off Ala-Carte All-You-Can-Eat Dim Sum + Hong Kong Cuisine Buffet at Old Hong Kong Tea House Only $19.80 per pax instea...