Welcome to the second edition of KPMG's Asian Real Estate Snapshot. This issue aims to provide you with an overview of the recent regulatory changes within the real estate sector, across different countries in the Asia Pacific.
From Hong Kong's introduction of a series of measures aimed at lowering residential property prices and curbing excessive speculation to India’s government reforms, these changes are aimed at creating a stabilised growth of the real estate market in the region.
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The publication includes current developments in Asia:
Tightening of debt deductibility rules
Impact of China's VAT reforms on the hospitality sector
- Hong Kong
The Double Stamp Duty
New regulatory measures announced
Land regulation reform and loan restriction
New economic policies introduced
Introduction of the Total Debt Servicing Ratio framework
Recent developments in Specifically Selected Goods and Services Tax levied on real estate
Obtaining Land Use Rights and associated financial obligations