Property News · January 24, 2017

Corporate buyer to pay record HK$324 million in stamp duty for luxury house on Hong Kong’s Peak


A corporate buyer is set to pay the highest stamp duty ever on a property in Hong Kong, after forking out HK$1.08 billion for Asia’s most expensive house per square foot.
The buyer, named as Giant Victory Holdings in a filing with the Land Registry on Tuesday, is likely to be charged a total of 30 per cent in stamp duty for the luxury home on The Peak, which works out at HK$324 million. It follows the government’s move to almost double the levy on November 5.
The figure dwarfs the…

Source : South China Morning Post
Read more…Corporate buyer to pay record HK4 million in stamp duty for luxury house on Hong Kong’s Peak

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