Tax will not hit sales this year, says Kerry

Kerry Properties' three residential projects this year are unlikely to be hit by the new stamp duty, according to Chu Ip-pui, the executive director of Kerry Real Estate Agency.

Chu's remarks run counter to market perceptions that Kerry Properties is more affected by the levy, given its luxury-sector positioning.

via Business feed http://www.scmp.com/business/companies/article/1121582/tax-will-not-hit-sales-year-says-kerry