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

Hong Kong Property | November 11, 2016

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 Set Record
Source said that a two-room unit with roof top in Tin Shui Wai’s Kingswood Villas was sold at HK$4.23 million, or HK$9,592 per square foot which broke the highest price-per-square-foot record of the estate. The deal also set a record for the most expensive two-room unit in Kingswood Villas.

BSD Payment Doubled in October
Home deals involving buyer’s stamp duty rose 32% to 330 cases last month, marking the highest point since September 2014. The payment involving BSD doubled from HK$506 million in September to HK$1.022 billion in October.

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