{"id":356157,"date":"2010-02-24T00:15:11","date_gmt":"2010-02-24T05:15:11","guid":{"rendered":"http:\/\/www.businessinsider.com\/hong-kong-moves-to-pop-its-property-bubble-2010-2"},"modified":"2010-02-24T00:15:11","modified_gmt":"2010-02-24T05:15:11","slug":"hong-kong-pricks-its-property-bubble","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/356157","title":{"rendered":"Hong Kong Pricks Its Property Bubble"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4abcbebf6ec1b84438a0b515-400-\/hong-kong.jpg\" border=\"0\" alt=\"Hong Kong\" width=\"400\" \/><\/p>\n<p>The Financial Secretary of Hong Kong, John Tsang, announced today in a budget address that the tax on luxury properties would be hiked 1% due to concerns of a property bubble in the city.<\/p>\n<p><a href=\"http:\/\/www.marketwatch.com\/story\/hong-kong-to-hike-luxury-property-levy-to-425-2010-02-23\">Market Watch:<\/a><\/p>\n<p style=\"padding-left: 30px;\">From April 1, the levy on transactions of properties valued at more than 20 million Hong Kong dollars ($2.58 million) will be raised to 4.25%, up from its current level of 3.75%. In addition, buyers will no longer be allowed to defer payment of the levy. Tsang said the government will consider extending the same measures to lower-priced properties if it finds &#8220;excessive speculation.&#8221;<\/p>\n<p>They can prick, but it doesn&#8217;t necessarily mean property prices will pop.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/hong-kong-moves-to-pop-its-property-bubble-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/regulations-stranging-chinas-startup-culture-2010-1\">Hong Kong Study: Big Business And New Regulation Strangling China&#8217;s Start-Up Culture, Falls Below The U.S.<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/john-paulson-bet-bust-as-all-in-for-rusal-results-in-10-percent-loss-2010-1\">John Paulson&#8217;s Lucky Streak Runs Into A Russian Buzzsaw, As Rusal Drops 10% In Hong Kong Debut<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/qa-hong-kongs-air-pollution-problem-2010-1\">Q&amp;A: Hong Kong&#8217;s Air Pollution Problem<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/ceXwq4sr33U\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Secretary of Hong Kong, John Tsang, announced today in a budget address that the tax on luxury properties would be hiked 1% due to concerns of a property bubble in the city. Market Watch: From April 1, the levy on transactions of properties valued at more than 20 million Hong Kong dollars ($2.58 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-356157","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/356157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=356157"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/356157\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=356157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=356157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=356157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}