Luxury Real Estate Blog and News
The government lifted the Double Stamp Duty to 15% last Friday, affecting the secondary residential market.
Hong Kong’s top official has raised the property stamp duty for the second time in three years to tame soaring real estate prices in the world’s least affordable major city.
Residential site near the city’s former international airport was tendered Wednesday for HK$8.84 billion, more than double analysts’ expectations.
A house lot at 123 Dumbarton Road, Kowloon Tong is said to be sold for HKD 250 million of HKD 27,180 psf.
San Po Kong
The Housing Authority plans to sell units of its first Green Form Subsidised Home Ownership Pilot Scheme (GSH) project to Green Form residents at 40% discount.
Street shop with mezzanine floor in Man Cheung Mansion at 1-2 Tuen Mun Heung Sze Wui Road, with a total GFA of 3,600 sq ft, was recently sold for HKD 100 million, or HKD 27,800 per sq ft.