Joey Yung buys luxury home in Repulse Bay
May 21, 2018 - Repulse Bay
Hong Kong Canto-pop singer Joey Yung Cho-yee has bought a house at one of Hong Kong’s most prestigious seafront developments in Repulse Bay, for what could be an estimated HK$200 million (US$25.5 million).
A company records search showed the directors of Saintfield changed to Yung, 38, and her mother, Yu Kam-fong, on March 20.
The buyer will save as much as HK$56 million stamp duty through transferring shares in the company.
“By transferring, the buyer only requires to pay 0.2 per cent stamp duty which is similar to the levy of trading shares in Hong Kong,” said Thomas Tsoi, an agent at Centaline Property Agency.
The spectacular sale comes at a time when Hong Kong’s home prices have surged for 24 consecutive months, the longest stretch for a property bull market in a quarter of a century, making the city the world’s costliest urban centre to live and work.
blog, celebrities, celebrity