Hong Kong’s luxury property market is getting an endorsement from a couple of little-known investors, who are paying hefty stamp duties by picking up swanky villas amid the city’s economic and political troubles.Phoenix Technology International Limited bought a 5,148 square feet villa at Mont Rouge in Kowloon Tong for HK$370 million (US$47.7 million) from builder Kerry Properties, according to a Land Registry filing on June 12. Times Square Overseas Company paid HK$350 million for another lot…
Source : South China Morning Post
Read more…Hong Kong’s luxury property market is buzzing as buyers see no deterrent in hefty stamp duties, security law controversy















