{"id":3401,"date":"2016-11-29T09:44:23","date_gmt":"2016-11-29T01:44:23","guid":{"rendered":"http:\/\/www.spacious.hk\/en\/blog\/?p=3401"},"modified":"2019-09-02T12:03:39","modified_gmt":"2019-09-02T04:03:39","slug":"mainland-buyer-paid-40-tax-for-sheung-shui-luxury-home-chinese-buyers-snapped-up-8-units-from-mantin-heights","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/mainland-buyer-paid-40-tax-for-sheung-shui-luxury-home-chinese-buyers-snapped-up-8-units-from-mantin-heights","title":{"rendered":"Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights"},"content":{"rendered":"<p><strong>Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home<br \/>\n<\/strong>Mainland buyers continue to invest in&nbsp;Hong Kong&#8217;s luxury homes. A Mainland buyer purchased a 1,022-square-foot three-room unit in Sheung Shui&#8217;s Woodland Crest for HK$9 million, or HK$8,806 per square foot. In addition to the 15% buyer&#8217;s stamp duty and 15% double stamp duty, the buyer is willing to pay the 10% special stamp duty &#8211; since the holding period of this property by the seller is less than 36 months. The total tax is estimated to be 40% of the property price &#8211; that is HK$3.6 million.<\/p>\n<p><strong>Chinese Buyers Snapped Up 8 Units From Mantin Heights<br \/>\n<\/strong>A financial group who acquired 6 units from Mantin Heights for HK$65.49 million snapped up&nbsp;another 8 units from the estate for over HK$90 million yesterday, with an average cost of HK$19,680 per square foot. As most buyers in the group are from Mainland China, they have to pay 30% stamp duty for some of the purchased flats.<\/p>\n<p>For more information on property news and prices, please visit our website at&nbsp;<a href=\"https:\/\/www.spacious.hk\/zh-tw\" target=\"_blank\" rel=\"dofollow noopener noreferrer\">https:\/\/www.spacious.hk\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home Mainland buyers continue to invest in&nbsp;Hong Kong&#8217;s luxury homes. A Mainland buyer purchased a 1,022-square-foot three-room unit in Sheung Shui&#8217;s Woodland Crest for HK$9 million, or HK$8,806 per square foot. In addition to the 15% buyer&#8217;s stamp duty and 15% double stamp duty, the buyer is willing to pay the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3402,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[69,68,70,82,79,76,67],"class_list":["post-3401","post","type-post","status-publish","format-standard","hentry","category-hong-kong-property","tag-headline","tag-hot-news","tag-hot-news-headline","tag-market","tag-market-news","tag-news","tag-spacious-news"],"_links":{"self":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/comments?post=3401"}],"version-history":[{"count":0,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media\/3402"}],"wp:attachment":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media?parent=3401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/categories?post=3401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/tags?post=3401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}