Valuation of Kwun Tong plot lowered as government raised stamp duty
November 11, 2016 - Kwun Tong
The tender of a private residential plot at Sin Fat Road, Kwun Tong, with a site area of 196,561 sq ft, will close this Friday.
Since a Kai Tak residential plot was sold at a high price last Wednesday, market raised the expected value of Sin Fat Road plot to HKD 6,000 per sq ft of permissible area.
After the government raised the stamp duty, market remained the valuation earlier of HKD 5,200 per sq ft, or HKD 4.298 billion in total for the plot.
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