Strategies for beating the housing bust

Hong Kong has followed Singapore's lead in trying to curb its residential property market by diktat. It has imposed its first restrictions targeted at non-locals, charging non-permanent residents a special stamp duty of 15 per cent. The administration also toughened existing measures designed to cool the property market, boosting the stamp duty from 15 to 20 per cent on the sale price on properties held for less than six months.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1100007/strategies-beating-housing-bust