Jan
05
Hong Kong’s Richest Man Sees Property Prices Rising Amid Curbs
By
Li Ka-shing.
Photographer: Justin Chin/Bloomberg
Hong Kong billionaire Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market.
The government in November increased the stamp duty to 15 percent for all residential purchases, excluding first-time buyers who are permanent residents. The curbs initially sent developer stocks tumbling — including shares of Li’s Cheung Kong Property Holdings Ltd. — as investors assessed the effect the new rules would have on turnover and value…
Hong Kong’s Richest Man Sees Property Prices Rising Amid Curbs
