Forever 21 To Quit CWB Flagship Next August US fashion retailer Forever 21 is quitting from its flagship store in Causeway Bay next August, while Victoria’s Secret will be taking over the location with half of the current rent. The rent of the 6-storey shop is now HK$13.8 million, making it the most expensive shop rent in Hong Kong. Victoria’s […]

Tai Po District, with an area of some 14,800 hectares in the northeast New Territories, is the second largest administrative district in Hong Kong. This new town of Tai Po now prospers with exciting shopping malls and a variety of shops; whilst its proximity lies the focal point of local manufacturing and service industries – Tai Po Industrial Estates. Outside […]

Double Stamp Duty Raised To 15% The government has raised the stamp duty on property transactions for non first-time buyers to 15%, effective November 5. This double stamp duty (DSD) only applied on individuals, corporate and overseas non-first-time buyers, charging 1.5% to 8.5% tax depending on the price of the property. The government claimed that this will help people who […]