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Posted: 08 Mar 2013 | 6:00 am
Hong Kong has again implements cooling measures for its red hot real estate market.
In what has been a number of rounds already, the latest measure is doubling tax on properties which cost in exceed of THB7.7 million.
On top of this stamp duty will also escalate to 8.5%.
Mainland buyers have spurred the trend which has even reached into selling not only commercial and residential property, but as the South China Morning Post reported - car parking spaces.
Property prices in the SAR (Hong Kong) continue to be amongst the most expensive in the world.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
Vietnam's Vo Trong Nghia is continuing to attract worldwide attention over unique sustainable design.
Now here is a newly coined term on the environmental horizon - Parklet.
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