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Hong Kong puts 15 percent tax on foreign buyers

A new poll shows Hong Kong residents firmly support a recent 15 per cent surcharge on non residents buying into their real estate market. The tax has been especially effective in reducing speculation by wealthy Mainland Chinese. or Canada to bring in similar tax restrictions on speculators, foreign and otherwise?

An East Asian media reports that Buy Cialis Germany 74 per cent of Hong Kong residents support the 15 per cent tax on buyers who are not permanent residents, as well as companies. The government of Hong Kong is holding firm on the cooling measures, despite vociferous complaints by real estate developers and agents.

Since October of "Comprar Gh Jintropin" 2012, Hong Kong, which is a hub of international capitalism, has required foreign investors and companies to pay the special 15 per cent tax on top of regular document and transfer taxes (called duties).

The South China Morning Post, an English language daily in Hong Kong, has recently pointed out the similarities in real estate issues in Hong Kong and Metro Vancouver, which is also experiencing a high number of wealthy new immigrants and offshore investors buying up luxury houses and condos.

Demographia Research has found that Metro Vancouver has the second most housing prices in the world, after Hong Kong.

However, Vancouver Mayor Gregor Robertson recently told audiences in Hong Kong that it to suggest Mainland Chinese buyers are inflating Metro Vancouver property values.

Given such comments by Canadians, the highly influential International Business Times today ran Kamagra 100 a story questioning why more journalists don take on this subject.

Prince Edward Island has placed restrictions on foreign ownership, basically to stop nearby Americans from buying up most of its beach front property.

Most countries and regions of the world have various regulatory and tax means to discourage foreign ownership of property.

Australia, Denmark, Turkey, Mexico and others have found Clomid Singapore Motherhood similar ways to discourage foreign ownership. Even the province of Prince Edward Island has restrictions on foreign real estate ownership, to protect its beach "Hgh Jintropin Avis" front properties.

There are many ties between Hong Kong and Metro Vancouver. And there are almost 300,000 ethnic Chinese people in Hong Kong with Canadian passports.

MORE ABOUT THIS ISSUE: In Hong Kong, Metro Vancouver real estate is big news (Van Sun)

Foreign ownership of Canadian property: More calls for the mystery numbers (Van Sun)

Vancouver planner Andy Yan fights to prevent city (Van Sun)

Anger at Mainland Chinese grows with ads (SCMP)

Born in China, Joy Mo blames Metro Vancouver housing woes on rich Mainlanders (SCMP)

Most observers say the upward pressure that new immigrants and offshore buyers are putting on Metro Vancouver China Steroid Powder real estate is tremendous, making life especially hard for Methenolone New Zealand young people.

Among other things, investigative SCMP reporter Ian Young discovered that more than 30,000 wealthy immigrants, mostly ethnic Chinese, have moved into Metro Vancouver in the past eight years:

under the popular investor class scheme, visas are granted to foreign millionaires prepared to loan $800,000 Cdn. to a provincial Canadian government interest free for five years.

Such schemes have attracted 36,892 rich immigrants to British Columbia over the past eight years, of whom 66 per cent were mainland Chinese.

With Hongkongers and Taiwanese included, the "Buy Cheap Jintropin Online" proportion from China rose to 81 per cent. Nearly all of these millionaire households have settled in Metro Vancouver. Education Report Business COMMUNITY Community of Interest Curious Dad Digital Life Economy Fan Attic In the Garden Olympics Puckworld Soccer Shorts STAFF The Green Man The Real Scoop The Search Word of Mouth Your Money

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