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All articles related to "Hong Kong Property"

Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights

Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home Mainland buyers continue to invest in Hong Kong’s luxury homes. A Mainland buyer purchased a 1,022-square-foot three-room unit in Sheung Shui’s Woodland Crest for HK$9 million, or HK$8,806 per square foot. In addition to the 15% buyer’s stamp duty and 15% double stamp duty, the buyer is willing to pay the … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 29, 2016

Ten Main Estates Transactions Reduce By Half, Mainland Buyers Snapped Up Hung Hom Luxury Units For HK$115m

Ten Main Estates Transactions Reduce By Half Statistics from Midland Realty showed there were only 121 transactions in ten main housing estates in November, only half of the number of deals in October. 10 deals have been recorded in Taikoo Shing while only 3 deals are recorded in Kornhill. In Kwun Tong Laguna City, 3 home deals were recorded while … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 28, 2016

Ho Man Tin Station Site Open For Bid, With HK$6.28b Premium, Mantin Heights To Launch 23 New Units

Ho Man Tin Station Site Open For Bid, With HK$6.28b Premium The residential site above Ho Man Tin MTR Station has been opened for tender since yesterday by the MTR Corporation. The premium of development for the project is HK$6.28 billion, or HK$8,459 per square foot. MTR Corp expects a 35% profit-sharing ratio despite the lower-than-expectation land premium. Mantin Heights … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 25, 2016

SOGO Owner Won Kai Tak Commercial Site for HK$7.39b, Chinese Estates To Sell Harcourt House 70% Titles

SOGO Owner Won Kai Tak Commercial Site for HK$7.39b Lifestyle International Holdings, the owner of SOGO department store, won the first commercial site in Kai Tak area for HK$7.388 billion, or HK$6,733 per square foot. The price is in the middle range of market expectations of HK$6.58 billion to HK$8.78 billion, but still marks the highest cost of commercial sites … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 24, 2016

South Horizons Penthouse Sold at HK$34.1m, Seven Victory Avenue To Roll Out 25 New Units

South Horizons Penthouse Sold at HK$34.1m South Horizons home prices may benefit from the coming South Island Line commencement. A penthouse of the estate was open for bid yesterday. 6 bidders participated in the bid and the unit was finally sold at HK$34.1 million, or HK$25,658 per square foot, both setting the highest records for the estate. The transaction price of this three-room … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 23, 2016

City One Home Prices Polarized After Cooling Measures, Ho Man Tin Station Site Receives Warm Response

City One Home Prices Polarized After Cooling Measures Two weeks after the government launched the new cooling measures, second hand home prices seem to be polarized, as some home owners urged to sell their flats while small units tend to be sold in higher prices. A 451-square-foot three-room unit in City One Shatin is sold at HK$5.75 million or HK$12,749 per … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 22, 2016

New Projects Transactions Cooled Down, Homantin Hillside Buyer Abandoned HK$1.64m Deposit

New Projects Transactions Cooled Down During Weekend The 15% double stamp duty measure is making first time buyers more hesitant. During the past weekend, over 24 units were sold from new projects. An independent house of Yuen Long’s La Mansion, for which Cheung Kong has provided double stamp duty discount, was sold at HK$19 million. Homantin Hillside Buyer Abandoned HK$1.64m … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 21, 2016

Almost Thousand of Parking Lots Ready For Sale, Laguna City Parking Space Sold at HK$2m

Almost Thousand of Parking Lots Ready For Sale After the double stamp duty cooling measures, buyers have turned their sights on parking space market. Following Cheung Kong Properties, a few developers are ready to sell their parking lots separately, including Nan Fung’s The Visionary in Tung Chung, Wheelock’s Savannah in Tseung Kwan O, Homantin Hillside by Wing Tai and Nan … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 18, 2016

Wheelock Spent HK$6.388b For Kwun Tong Site, Cheung Kong To Sell Parking Lots in The Beaumount

Wheelock Spent HK$6.388b For Kwun Tong Site Wheelock Properties has won the first residential site in Kwun Tong offered for sale by the government since the introduction of a new stamp duty, paying a higher-than-expected HK$6.388 billion. The site is close to large housing estates such as Laguna City and Sceneway Garden. The cost per square foot is HK$7,729, over 40% … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 17, 2016

Blue Pool Road House Sold with HK$90.54m Stamp Duty, Mount Nicholson Broke The Highest Cost Per Square Foot

Blue Pool Road House Sold with HK$90.54 Stamp Duty Hang Lung Properties sold a 4,571-sqaure-foot independent house from its Happy Valley project – 23-39 Blue Pool Road for HK$302 million or HK$66,069 per square foot. The house was purchased by a company and it was estimated that a 30% stamp duty – HK$90.54 million will be incurred, setting the highest amount of … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 16, 2016

Legal Hustles and the Top Property Scams in Hong Kong’s Surreal Estate

Somewhere in Hong Kong, a property agent has shown you a unit. He assures you that you and your partner will be happy there. You agree and as you see the location for the third and final time. You envision this as the place where you’ll spend the remainder of your life. You envision your little ones running around, family … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 15, 2016

GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion

GRAND AUSTIN Parking Lot Broke Record Price Parking lots are drawing more investment after the government launched the new stamp duty measures. A parking space in GRAND AUSTIN in Tsim Sha Tsui was sold at HK$3.43 million with lease, setting a new high record of parking space price of the estate. The rental rate of return is estimated as 2%. … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 15, 2016

First Hand Deals Reduced 73% During Weekend, Second Hand Market Recorded Only 17 Deals

First Hand Deals Reduced 73% During Weekend First hand market remains still after the government’s cooling measures launched. In the past weekend, only 35 transactions involving 14 new projects were recorded, 73% lower than the previous week, giving that no new project was launched after the government raised the double stamp duty to 15%. Second Hand Market Recorded Only 17 Deals … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 14, 2016

Cheung Kong Offers 15% Tax Salve For The Zumurud, Kingswood Villas 2-room Unit Deal Set Record

Cheung Kong Offers 15% Tax Salve For The Zumurud Cheung Kong becomes the first developer to ‘waive’ custumers’ 15% double stamp duty. From now until 15 December, non-first-time buyers purchasing units of The Zumurud – its joint project with Walter Kwok Ping-sheung in Ma Tau Kok – would be offered a 15% stamp duty discount. Kingswood Villas 2-room Unit Deal … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 11, 2016

HKR & Hysan Bought Two Tai Po Sites for HK$3.39b, Expert Expects Little Harm on Home Market by Trump's Victory

HKR & Hysan Bought Two Tai Po Sites for HK$3.39b Two neighbouring residential sites in Tai Po Lo Fai Road were awarded to a joint venture between HKR International and Hysan Development for HK$3.39 billion yesterday. The average prices per square foot of the two sites are HK$6,439 and HK$7,007, which are 16% and 7% higher than market valuation respectively. … Continue reading "Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"

November 10, 2016

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