Cheung Kong's Justin Chiu says stamp duty unlikely to hit home prices

The city's new stamp duties are unlikely to hit Hong Kong home prices as residential property is still a good investment in the city's low-interest-rate environment, according to Cheung Kong (Holdings) executive director Justin Chiu Kwok-hung.

"The home market has probably been too hot in the past two to three months," Chiu said, adding that prices have risen faster than he expected.

via Business feed http://www.scmp.com/business/companies/article/1078993/cheung-kongs-justin-chiu-says-stamp-duty-unlikely-hit-home-prices