Property News · June 16, 2020

Hong Kong’s luxury property market is buzzing as buyers see no deterrent in hefty stamp duties, security law controversy


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
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