Luxury Real Estate Blog and News
The ruling South Korean government is moving forward in its plans to raise property taxes, a campaign promise of President Moon Jae-in.
A group of developers in Hong Kong are disputing suspicion that they are hoarding flats, an act anathema to the government’s efforts to address the housing affordability crisis.
Vancouver, one of the hottest housing markets in North America, is getting a little tougher for wealthy Chinese buyers.
Tsim Sha Tsui
A 4-room duplex unit at Flat H, 63 & 65/F, Masterpiece, Tsim Sha Tsui, with a saleable area of 3,855 sq ft, has been sold through tender for HKD 155 million, or HKD 40,208 per sq ft.
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.
Some developers in Singapore are optimistic they can sell all the remaining units in their private residential projects before the stipulated deadline.