The three spicy taxes in the property market rose all month and involved 3.4 billion yuan

The property market is hot, and the “three spicy taxes” introduced by the government have risen all month. According to the latest information from the Inland Revenue Department, a total of 4,225 transactions were recorded for the three major hot tax SSDs (Extra Stamp Duty), BSD (Purchasing Stamp Duty) and DSD (Double Stamp Duty) last month, involving tax revenue of RMB3.446 billion, which was higher than the number recorded in April. The 3,620 and 3,036 billion won were up by 16.7% and 14.3% respectively.

BSD upswings

The BSD, which reflected the non-local buyers’ market entry, saw the most rapid increase. Last month, 405 cases were recorded, involving tax revenue of RMB 858.20 million, an increase of 32.8% and 22.8% compared with 305 and 69.97 billion in April. The DSD recorded a total of 3,757 transactions, which involved a spicy tax of RMB 2,563.5 million, up 15.1% and 11.2% from 3,264 in April and RMB 2,304.5 million. Last month, SSD recorded 63 transactions involving a spicy tax of RMB 42.9 million, up 23.5% and 56.6% from 51 in April and 27.4 million.

There was no shortage of “company customers” in the secondary market last month. Among them, the low-rise B room on the lower level of Kwong Shing Court, Kowloon Arch, is practically 400 square feet. It was sold for $16.5 million last month, and the price was RMB 41,250. The transaction price and the price were all exorbitant prices. The new buyers entering the market through the company’s name means that they must pay 30% of the tax on stamp duty for buyers and double stamp duty, involving a spicy tax of 4.95 million yuan, and the total market cost will increase to 21.45 million yuan. In addition, since the beginning of this year, the Anglican Church has used $182.9 million for sweeping 12 homes, paying buyers stamp duty and double stamp duty totaling more than half a billion yuan.

In addition, No. 1 Building, 9th Street, Tai Hang Po Recreation Area, with a gross floor area of ​​approximately 9,280 sq. ft., is the largest “building king” in the area of ​​the estate. The unit is held by the relevant person of the Hong Kong amusement park developer Huang Zhenhui. It was released last year with an intent price of RMB 350 million. yuan. According to information from the Land Registry, the unit changed hands with 280 million yuan last month and the price was more than 30,000 yuan. However, it is understood that it is an internal transfer.